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

In this week’s occurrence of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When helium is not attending to his ain mining rigs, Kramer provides consultation services to home-based operations and larger startups connected however to acceptable up mining farms.

We commencement things disconnected with miner prices and however they person changed successful the past fewer months. Have the prices gone up oregon down, and what benignant of interaction does Bitcoin (BTC) person connected prices? Which miners are the astir in-demand close now, and who is buying them — small-scale miners oregon larger operations?

Mining operations that paid highly precocious prices for mining rigs, which are present not worthy adjacent adjacent to the aforesaid amount, however are they managing successful this market? What is their program for getting their investments back? Is it a mislaid origin astatine this constituent since the prices of the coins they presently excavation are not arsenic precocious arsenic they utilized to be? Is it inactive worthy it to wage those precocious energy costs and support mining?

United States President Joe Biden announced a caller fund precocious that besides includes a whooping 30% taxation connected the energy utilized for cryptocurrency mining operations. We inquire Kramer for his thoughts connected this and what exactly the details are of this caller tax. Could this beryllium an onslaught connected crypto?

Are miners gravitating much toward altcoin miners astatine this constituent due to the fact that they mightiness beryllium capable to marque much of a nett arsenic compared to Bitcoin mining? We inquire Kramer if this is true, and if so, what is the crushed down it?

How profitable is it to excavation Kadena (KDA)? How overmuch bash the miners cost, and also, is it worthy thing to excavation and clasp Kadena? Is the web moving guardant and innovating?

We inquire Kramer however helium advises radical who privation to acceptable up a mining farm, is it each Bitcoin miners oregon a definite percent of Bitcoin miners and the remainder are altcoin miners, and which miners does helium urge specifically?

How are things processing successful the cloud-based mining and NFT-based mining sectors? Are they a bully enactment for idiosyncratic who mightiness not person the abstraction oregon resources needed to tally a miner successful their location oregon connected their property? We besides inquire Kramer for the details astir nett sharing and different expenses progressive successful this signifier of mining.

We screen each this and more, truthful marque definite to enactment tuned until the extremity due to the fact that Cointelegraph Markets & Research volition besides beryllium taking your questions and comments passim the show, truthful beryllium definite to person them acceptable to go.

Market Talks streams unrecorded each Thursday astatine 12:00 p.m. ET (5:00 p.m. UTC). Each week, it features interviews with immoderate of the astir influential and inspiring radical from the crypto and blockchain industry. So, caput connected implicit to Cointelegraph Markets & Research’s YouTube page and smash those Like and Subscribe buttons for each our aboriginal videos and updates.