Mining in the wake of the ‘Merge’ & cost of Living crisis w/ChumpchangeXD – GotGh Podcast #1
Insights from the Gathering of the Gigahash Podcast Episode 1
- The state of cryptocurrency mining following a recent event called the “merge”
- The effect of the merge on mining profitability
- The rise in electric rates for miners
- The potential for heating your home with crypto miners
- The host’s experience with mining and selling his cryptocurrency for an HDMI cable.
In the podcast “Gathering of the Gigahash,” the hosts Dave and Akiba speak with guest ChumpchangeXD about the state of mining in the wake of the “merge” and the current economic recession. Chump explains that the increased cost of electricity has made mining less profitable for him. However, he remains hopeful that the market will turn around and mining will become profitable again.
The hosts also discuss their own experiences with mining. Dave reveals that Chump pays ten times more for electricity than he does, while Akiba shares that his electric rate has increased since the “merge” and the recession. The host who first introduces the podcast explains that they are shifting the focus of their series from large-scale bitcoin miners to people like Chump who are still mining.
Throughout the conversation, the speakers touch on various topics related to mining, including the cost of electricity, the profitability of mining, and the impact of market fluctuations on the industry. They also share personal anecdotes and experiences with mining, such as the host who sold all his cryptocurrency for a HDMI cable.
Overall, the podcast offers a glimpse into the current state of mining and the challenges faced by individual miners. While the increased cost of electricity has made mining less profitable for some, the speakers remain optimistic about the future of the industry and the potential for the market to turn around.