Crypto Chaos: Over $4 Billion In Losses Plague 16 Bitcoin Mining Titans
Bitcoin mining, once a lucrative venture for cryptocurrency enthusiasts and institutional players alike, is now grappling with a significant challenge as negative earnings continue to plague the industry. Data sourced by Finbold from CompaniesMarketCap reveals a staggering accumulation of over $4.47 billion in losses among the 16 publicly traded Bitcoin mining companies over the past […]
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KNC Titans Cloud Mining. KnCMiner posted an announcement on September 11th stating that KnC Titans would ship the week of September 14th, but KnC Titans still have yet to start shipping. Members of the KnC community are outraged at them for delaying shipments further in a market with an ever growing mining difficulty. Well, look on the bright side. At least KnC isn't planning on building a massive Scrypt farm like they did with the 3TH/s Jupiters before they shipped the used hardware to customers. KNC Titans Failed to Ship. KnC Titan customers have yet to receive a single KnC Titan. Kurt,....
KNC Titans from the first batch were scheduled to ship within Quarter 2 and Quarter 3, but October is the first month of quarter 4. Many KNC Titan customers have yet to receive their unprofitable KNC Titan units. KNC is not just violating the mandatory 14-day refund laws in their country, but they are refusing to offer refunds for products that they aren't even shipping in the promised time-frame. That has left some customers wondering if KNC has absconded with their over $10,000 payment. Also see: KnC Titans Failed to Ship Last Week Due to Firmware Issues. KNC Titans - No Refunds, No....
Thib Maréchal discusses the history of money printing and how Bitcoin offers humanity a solution to this great plague. The post Video: Printing Is The Plague, Bitcoin Is The Cure appeared first on Bitcoin Magazine.
Capitulation and all-time high realized losses plague Bitcoing. What's really happening?
As bearish continuations continue to plague the Bitcoin trading market, other cryptocurrencies are also facing the wrath of such pessimism. For over a week, each and every top altcoin (except the centralized ones like Stellar and Ripple) have come closer to their respective price bottoms. However, our focus here is on Litecoin, the second-most traded cryptocurrency in the world. Being the closest cryptocurrency to Bitcoin has its perks, and troubles. Litecoin is among the only altcoins in the market whose price movements display a strong identicalness to Bitcoin. This pattern somewhat....