Bitcoin Miners Going Bankrupt? Here's How Crypto Winter Is Impacting the Industry - Ep. 415

Published: Nov. 4, 2022, 7:30 a.m.

b"Nick Hansen, cofounder and CEO of Luxor Technologies, talks about the Bitcoin mining industry, why some miners are struggling while others are succeeding, and the next steps for the industry.\\xa0\\n\\xa0\\nShow highlights:\\n\\nthe current state of the Bitcoin mining industry\\n\\nwhy miners have the lowest margin environment ever\\n\\nwhy there are so many mining rigs sitting latent\\n\\nhow to calculate the profitability of mining cryptocurrency\\n\\nwhy miners are not moving to other countries for lower energy prices\\n\\nwhat the impact of a Core Scientific bankruptcy would be\\n\\nwhether finance pools to aid struggling miners are helpful\\n\\nwhy some miners are succeeding in this environment\\n\\nwhether Bitcoin miners can adopt renewable resources and help with the transition to green energy\\xa0\\n\\nhow the mining industry is going to change in the following years\\n\\nTake the Unchained Podcast survey for 2022!\\nUnchained is doing its annual survey. Tell us how you think we\\u2019re doing and how we could improve, whether it be on the podcast, in the newsletter, or in our premium offering. Looking forward to hearing your thoughts!\\xa0\\n\\xa0\\nThank you to our sponsors!Crypto.com\\nAva Labs\\nDeFi Saver\\n\\xa0\\nNick\\nTwitter\\n\\nLuxor Technologies\\n\\n\\xa0\\nEpisode links\\n\\xa0\\nTroubled miners:\\nBondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers\\n\\nA Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes\\n\\nBitcoin Miner Iris Energy Says Some Machines Aren't Covering Financing Costs\\n\\nBitcoin Miner Argo Blockchain Fears Negative Cash Flow as $27M Raise Fails\\n\\nBitcoin mining hosting company Compute North filed for Chapter 11 bankruptcy protection\\n\\n\\xa0\\nMiners currently weathering the storm:\\nBitcoin Miner CleanSpark Spends Millions on Equipment as Others Struggle Amid Market Conditions\\n\\nBitcoin Miner Stronghold Digital Completes Debt Restructuring\\n\\nDigihost Bucks Bearish Trend Among Bitcoin Miners, Remains Cash-Flow Positive\\n\\nCrypto Miner Marathon Digital Mines Record 615 Bitcoin in October\\n\\n\\xa0Green energy:Solar-Powered Bitcoin Miner Aspen Creek Raises $8M Despite Bear Market\\n\\xa0\\nFinance Pools:\\nDeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool\\n\\nBinance Pool To Support BTC Mining Industry With a $500M Miner Lending Project\\n\\n\\xa0\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"