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Bitcoin & Cryptocurrency Mining Industry - May 2020 Update

Bitcoin & Cryptocurrency Mining Industry - May 2020 Update I hope everyone enjoys this month's Bitcoin halving special edition of our cryptocurrency mining update! We will be diving in to all the latest happenings from the Bitcoin & cryptocurrency mining industry. We will look at all a range of keys metrics from a variety of protocols with a particular focus on Bitcoin & what other cryptocurrencies are profitable to mine. Each month we will check on what hash rate is doing, what coins are profitable to mine for each type of hardware or machine, what news is shaping the crypto mining sector & how mining can help us determine the direction of the market. Join Will from Mining Store & I to chat all things crypto mining every month! #Bitcoin #Cryptocurrency #Mining Timestamps: 0:00 – Bitcoin halving recap 3:50 – Miners in 'dire situation' 4:15 – Purpose of difficulty adjustments 5:55 – Rising average transaction fee 7:10 – Why more miners ≠ more throughput 9:00 – History of Bitcoin's scalability debate 15:10 – Soft fork vs. hard fork 15:55 – Bitcoin fork origins 20:00 – Potential Bitcoin scalability solutions 22:05 – Bitcoin mining profitability update 23:50 – China's miner manufacturing monopoly 26:20 – FPGA mining 28:10 – Why CKB & DGB 31:50 – Hedging hash rate on FTX Website: https://nuggetsnews.com.au/mining/ Discount code: nuggetsfpga Twitter:   / miningstoreau   🔔 Did you enjoy this video? SUBSCRIBE for more: https://www.youtube.com/c/nuggetsnews... 📹 For more Resources & Content: https://nuggetsnews.com.au 🎙 Always on the go? Tune in on your favourite Podcast app: https://lnk.to/nuggetsnews #️⃣ Connect with us: Twitter:   / nuggetsnewsau   Facebook:   / nuggetsnews   LinkedIn:   / nuggetsnews   Instagram:   / nuggetsnewsaus   Reddit:   / nugget_alex   _________ ❗ DISCLAIMER ❗ Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nugget’s News and its individual team members are not liable to the viewer or any other party, for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances. The viewer should always: 1. Conduct their own research, 2. Never invest more than they are willing to lose, 3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.