Bitcoin Death Spiral. Miners REKT. Bitmain Shutdown? China Losing Control!!

9,388 Views · Posted 6 years ago

China is losing control of their dominance over bitcoin mining. The cost to mine a bitcoin has risen significantly, while the price of Bitcoin has fell drastically. This can be considered the bitcoin mining death spiral. Many small to medium sized miners are shutting down their operations, and selling their machines to other operations where the cost of electricity is low and it is still profitable to mine bitcoin. Bitmain has been facing many problems: accusations of mounting debt, rumors that they are losing their chip manufacturer, and offices shutting down worldwide. Is Bitmain shutting down? Tune in to find out all the details of Bitcoin mining worldwide. It’s a changing landscape, and understanding it make you that much more ahead of the game. Game over? The games have just begun!!!
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⏰ Time Stamps ⏰
00;08 Beer Intro: Kona Brewing Co. Island Lager-Hawaii, USA
00:37 Bitcoin Mining Costs From Different Countries
02:41 State of Bitcoin Mining In China
03:22 Chinese Miners Abandoning Operations?
03:36 Chinese Mining Pool f2pool Response
04:04 Video of Chinese Miners Disabling A Whole Operation-Fud?
05:05 f2pool Respond Again on the State of Bitcoin Mining
05:33 How is Bitmain Hodling Up?
05:57 Is Bitcoin Mining In China Really Dead?
07:05 Bitmain Is Facing Stiff Competition From Samsung

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