Crypto Miners Test Texas’ Limits
Bloomberg Crypto3 Marras 2022

Crypto Miners Test Texas’ Limits

As our colleague David Pan has been reporting, Bitcoin miners have been having a very rough time of it.

To paraphrase one of his recent stories, falling Bitcoin prices and rising energy costs “led to combined second-quarter losses of more than $1 billion for the top three US publicly traded players — Core Scientific, Marathon Digital and Riot Blockchain.” Yikes.

This crunch has led to miners trying to raise cash by selling off their emergency stockpiles of Bitcoin - into the teeth of a down market.

At the same time, miners continue to flock to places like Texas - and not everyone is a fan of these relatively recent arrivals. Texas isn’t known for having the world’s most stable power grid, so miners and state officials have sought to pilot ways to address concerns about energy consumption.

Bloomberg reporters David Pan and Michael Smith join this episode for more on how the miners are holding up.

See omnystudio.com/listener for privacy information.

Jaksot(224)

Cloudy With A Chance of Crypto Winter

Cloudy With A Chance of Crypto Winter

You could argue that crypto is no stranger to a recession: in fact, it was the financial crisis of 2008 that birthed the idea of Bitcoin In the first place. But this recession is a little different: i...

18 Heinä 202212min

From the Editors’ Desk

From the Editors’ Desk

Every day, around the world, the reporters and editors who work on crypto at Bloomberg wake up (often at the crack of dawn) and start figuring out how we’ll tackle the biggest and most important news ...

15 Heinä 202219min

Who Owns All the Bitcoin?

Who Owns All the Bitcoin?

Since the founding document that led to the invention of Bitcoin first appeared in 2008, Bitcoin’s true believers have adopted a philosophy that resembles “one for all and all for one." Bitcoin is oft...

14 Heinä 202220min

The Hunt For Zombie Coins

The Hunt For Zombie Coins

If you want an example of the intense optimism of certain crypto investors, here’s one: Some investors are still buying the token known as Luna Classic, which has flatlined towards zero in the afterma...

13 Heinä 202217min

Is There Value In Crypto’s Volatility?

Is There Value In Crypto’s Volatility?

Depending on who you ask, crypto’s volatility is either a bug or a feature. Wild, unexpected or aggressive price swings make this an asset class that is ill suited to anyone who’s less experienced at ...

12 Heinä 202215min

Jumping Into Crypto

Jumping Into Crypto

Jump Crypto burst onto the scene less than a year ago, with the appointment of a former intern named Kanav Kariya as its founding president. Within just a few months, Jump Crypto has found itself spen...

11 Heinä 202217min

Regulation Through Taxation in India

Regulation Through Taxation in India

It feels like every country in the world is figuring out how they want to regulate crypto - or if they’ll even allow it to exist at all.  India is seen as one of the fastest-growing markets for crypto...

8 Heinä 202218min

Are Your Baseball Cards on the Blockchain?

Are Your Baseball Cards on the Blockchain?

Sorare is one of several companies attempting to take the idea of collectibles like baseball cards and bring them into the digital context. In May, Sorare announced a partnership with Major League Bas...

7 Heinä 202219min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
politiikan-puskaradio
tervo-halme
rss-vaalirankkurit-podcast
viisupodi
et-sa-noin-voi-sanoo-esittaa
rss-podme-livebox
rss-asiastudio
otetaan-yhdet
linda-maria
the-ulkopolitist
radio-antro
rss-raha-talous-ja-politiikka
rss-sanna-ukkola-show-verkkouutiset
rss-girls-finish-f1rst
rss-kaikki-uusiksi
rss-skn-parhaat