Episode 187: Is Crypto Mining Dead?

<p>Crypto miners' share prices were up 9.6% between Wednesday and Thursday as bitcoin showed signs of a steady recovery, breaking over the $21,000 mark. Digihost Technology, TeraWulf and Marathon Digital led the pack with 26.6%, 18.94% and 17.62% increases respectively from Wednesday's open to Thursday's close. TeraWulf's run came as the company announced on Tuesday that it had added $50 million to a $123.5 million loan signed with Wilmington Trust to continue its growth. Investment bank D.A. Davidson last week slashed its expectation for computing power growth for the rest of the year to include only "current, funded orders," according to a note from senior research analyst Christopher Brendler. However, that still represents a 37% hashrate increase for last three quarters of 2022 for the five miners that Brendler analyzed, including Argo Blockchain, Hut 8 Mining, Core Scientific and Riot Blockchain.</p> <p>The Saudis topped the volume charts in its debut weekend with $7.7 million in sales. The collection of 5,555 NFTs, whose artwork is a derivative of the famed CryptoPunks collectibles, were free to mint on July 9 and sold out within hours. The project’s floor price (which is the price of the cheapest edition currently for sale on the open market) is around 0.75 ether (roughly $867), after peaking at around 1.3 ETH (roughly $1,650) on Saturday.</p> <p>More than 48 projects previously on the Terra network have begun migrating to Polygon almost two months after the Terra network collapsed following the implosion of terraUSD (UST).</p> <p>📚Books: https://www.amazon.com/s?k=reginald+seay&amp;crid=XNP2FB40Q3TH&amp;sprefix=reginald+seay%2Caps%2C232&amp;ref=nb_sb_noss</p> <p>📚 Course: https://market-marauders-complete-guides.teachable.com/p/the-complete-guide-to-cryptocurrency</p> <p>📚Website: www.marketmarauders.net</p> <p>🦩Twitter: @yourequest</p> <p>😎Instagram: market_marauders</p> <p>📧Email: reg24k@gmail.com</p> <p>🚧 DISCLAIMER🚧</p> <p>I am not a qualified licensed investment advisor. All information found here, i