Crypto mining in 2023 — Is it still worth it? Watch Market Talks

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Market Talks with Cointelegraph is live! Tune in to watch Justin Kramer and Ray Salmond discuss whether it is still worth mining crypto in 2023.

, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms.

Mining operations that paid extremely high prices for mining rigs, which are now not worth even close to the same amount, how are they managing in this market? What is their plan for getting their investments back? Is it a lost cause at this point since the prices of the coins they currently mine are not as high as they used to be? Is it still worth it to pay those high electricity costs and keep...

Are miners gravitating more toward altcoin miners at this point because they might be able to make more of a profit as compared to Bitcoin mining? We ask Kramer if this is true, and if so, what is the reason behind it? We ask Kramer how he advises people who want to set up a mining farm, is it all Bitcoin miners or a certain percentage of Bitcoin miners and the rest are altcoin miners, and which miners does he recommend specifically?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

📺 Watch here:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Instant View: UK budget - no recession in 2023; UK assets sink in global market turmoilBritain is no longer forecast to enter a recession this year, finance minister Jeremy Hunt said on Wednesday, adding that inflation was forecast to fall to 2.9% by the end of the year.
Source: Reuters - 🏆 2. / 97 Read more »

Top Creative Strategists Discuss Artist Authenticity On TikTok, Compare App To Stock Market at SXSW 2023Here are the main takeaways from “The Fight for Artistic Authenticity on TikTok” panel, moderated by Billboard’s LyndseyAlana, at SXSW 2023.
Source: billboard - 🏆 112. / 63 Read more »