CoinzPress
  • Credit Cards
    • Best Credit Cards 2023
    • Best Rewards Credit Cards
    • Best Cash Back Credit Cards
  • Banking
    How to Save Discord Servers from Hackers

    Ways You Can Save Your Discord Servers from Hackers

    Ethereum Mining Rig

    Ethereum Mining Rig: The Best Ethereum Mining Hardware

    Google in Web3 and Blockchain Technology

    Google is Taking An Interest in Web3 and Blockchain Technology

    Binance

    Binance to Launch Santos FC Fan Token on Its Launchpool

    New Solutions for Cross-Chain Problems

    New Solutions for Cross-Chain Problems

    Blockchain Gaming

    Will The Blockchain Gaming Revolutionise The Future of Video Games?

    Trending Tags

    • Loans
      Best Way To Finance A Car: Things To Know

      Best Way To Finance A Car: Things To Know

      Tesla sell their bitcoin

      Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

      Bitcoin-Faucets

      Highest Paying Bitcoin Faucets: How to Choose the Right One?

      lightning-network

      Lightning Network: Everything You Need To Know

      What Can You Buy with Bitcoins

      What Can You Buy with Bitcoins?

      Nasdaq’s Record Breaking

      Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

      Trending Tags

      • Investing
      • Insurance
      • Stock Market
        • US Markets
        • ASX shares
        • Indian Markets
      • Cryptocurrency
        • Price Prediction
        • DeFi
        • NFT
        • Metaverse
        • Trading
        • Crypto Exchanges
        • Crypto Wallet
        • Brokers
        • Gaming
        • Earning Sites
      • Sections
        • Reviews
        • Beginner Guide
        • How To
      No Result
      View All Result
      • Credit Cards
        • Best Credit Cards 2023
        • Best Rewards Credit Cards
        • Best Cash Back Credit Cards
      • Banking
        How to Save Discord Servers from Hackers

        Ways You Can Save Your Discord Servers from Hackers

        Ethereum Mining Rig

        Ethereum Mining Rig: The Best Ethereum Mining Hardware

        Google in Web3 and Blockchain Technology

        Google is Taking An Interest in Web3 and Blockchain Technology

        Binance

        Binance to Launch Santos FC Fan Token on Its Launchpool

        New Solutions for Cross-Chain Problems

        New Solutions for Cross-Chain Problems

        Blockchain Gaming

        Will The Blockchain Gaming Revolutionise The Future of Video Games?

        Trending Tags

        • Loans
          Best Way To Finance A Car: Things To Know

          Best Way To Finance A Car: Things To Know

          Tesla sell their bitcoin

          Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

          Bitcoin-Faucets

          Highest Paying Bitcoin Faucets: How to Choose the Right One?

          lightning-network

          Lightning Network: Everything You Need To Know

          What Can You Buy with Bitcoins

          What Can You Buy with Bitcoins?

          Nasdaq’s Record Breaking

          Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

          Trending Tags

          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To
          No Result
          View All Result
          CoinzPress
          No Result
          View All Result
          Home Updates

          CEO of White Rock Management Predicts a Positive Future For Crypto Mining

          Coinz Press by Coinz Press
          August 8, 2022
          in Updates
          Crypto

          credit: Internet of business

          The Crypto market has recently become a hot topic of discussion. In fact, various newly arrived trading platforms have witnessed significant growth in the last two-three years. Moreover, there have been certain environmentalists and media houses that are constantly attacking the crypto mining sector on various grounds. 

          However, recently Andy Long, the CEO of White Rock Management has spoken positively about the mining scenario. Long was all positive while talking about the bull market and the mining scenario. If you are interested to know more about what Long exactly said, keep reading this article. 

          Crypto: What Andy Long Said

          Andy Long sounded confident ask he spoke to Cointelegraph. He stated that bear markets possess some bright opportunities for expanding the crypto mining sector, through acquisitions and mergers. In fact, Long has also stated that certain companies have really maintained their balance sheets in an effective manner. Thereby, according to him, during this bear market, those companies are in perfect shape. In fact, Long breathed out confidence as he claimed that those companies will do well even if the volatility increases. 

          Speaking about the bear market, the CEO of White Rock Management however admitted that the bear market has challenged the top-ranked miners. However, he is still confident that the effective miners will steer clear of all the challenges. Thereby, he also claimed that the current bear trend will give ample merger and acquisition opportunities to these companies. In fact, he also predicted that the network would see a 20% growth by the year-end.

          He also praised the Texas mining sector greatly, for performing really well amidst the ongoing heatwave. 

          Texas Heat Waves

          Texas Heat Waves
          Credit: currency.com

          In June. the mining firms like Riot Blockchain and Core Scientific had to power down their mining operations in Texas. This was done to reduce stress on energy amidst rising temperatures of more than 100 degrees. In fact, during the heat waves, energy prices also hiked suddenly. The two factors combined bring down the productivity of the crypto mines.  

          However, the price of Bitcoins gained 14.7% over the past month and the temperature in Texas has also started to drop. Therefore, crypto mining is expected to pick up the desired pace very soon. 

          Concluding Lines

          Therefore, it seems from what Andy Long has stated, that the bear market is going to provide great opportunities for the expansion of crypto mining through expansion and acquisition. With the temperature in Texas coming down and the rise in the price of Bitcoin, it seems highly possible.

          Also read: A NY Times Article Gives Voice to Bitcoin Maximalists

          Share76Tweet47

          Related Posts

          How to Make Money From Youtube? 

          How to Make Money From Youtube? 

          November 10, 2022
          How Much Money Should You Spend On A Wedding Ring?

          How Much Money Should You Spend On A Wedding Ring?

          November 10, 2022
          Capital One Shopping Review: Everything You Need To Know

          Capital One Shopping Review: Everything You Need To Know

          November 10, 2022
          How To Make Money Fast As A Teenager

          How To Make Money Fast As A Teenager

          November 10, 2022
          Best Way To Finance A Car: Things To Know

          Best Way To Finance A Car: Things To Know

          November 10, 2022
          Passive Income Ideas: Best Ways To Make Money Online

          Passive Income Ideas: Best Ways To Make Money Online

          November 8, 2022

          CoinzPress is one of the leading cryptocurrency news services that cover the latest crypto-related news. The news includes a technical analysis of a wide range of digital currencies as well as forecasts for those electronic currencies. Here at CoinzPress , we aim to enlighten anyone having an interest in the world of cryptocurrency with significant information that could keep them informed.

          So, in short, we cover a range of announcements related to a variety of Alt-coins, digital coins, and any significant news that could create an impact on the trading world and economy.

          • News & Updates
            • Cryptocurrency
            • DeFi
            • NFT
            • Metaverse
            • Press Releases
            • Sponsored
          • Sections
            • How To
            • Technology
            • Investing
            • Stock Market
            • Loans
            • Credit Cards
            • US Markets
            • Brokers
            • Gaming Sites
            • Indian Markets
          • Company
            • About Us
            • Advertising
            • Press Release
            • Contact Us
            • Terms of Uses
            • Privacy Policy
            • Sitemap
          • About
          • Contact Us

          © 2022 Coinz Press

          No Result
          View All Result
          • Credit Cards
            • Best Credit Cards 2023
            • Best Rewards Credit Cards
            • Best Cash Back Credit Cards
          • Banking
          • Loans
          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To

          © 2022 Coinz Press