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Show Notes

[00:01:55] - [First question] - What he was doing before Bitcoin and what attracted him to crypto and mining specifically

[00:03:21] - Overview of how Bitcoin mining works and the complexity and computing power necessary to participate

[00:05:58] - What role luck plays in mining and winning a block

[00:08:41] - Why some people say that mining is a horrible business

[00:10:42] - The turning point for DCG to get involved in the mining side of crypto

[00:14:03] - Whether or not equipment financing is always the core focus to support miners

[00:15:19] - How a mining pool works and whether or not pools can attack the network

[00:20:19] - His belief as to why China decided to ban mining

[00:21:46] - Why manufacturers still make Bitcoin’s network vulnerable

[00:23:17] - How the team at Foundry reacted to China’s decision to ban mining

[00:24:45] - Thoughts on his role as a distributor and deciding which countries to empower

[00:27:24] - Whether or not Foundry plans on becoming a public company

[00:28:28] - What miners do mechanically on a day-to-day basis

[00:29:14] - The average return on invested capital when setting up a mining company

[00:29:51] - Why they only mine a small amount of Ether compared to Bitcoin

[00:24:17] - Can miners switch back and forth between assets they mine?

[00:32:14] - How chains convince Foundry to deploy capital and stake on their blockchains

[00:33:18] - Differences between proof-of-work and proof-of-stake blockchains

[00:35:45] - How Ethereum attracts miners and when they’ll move to proof-of-stake

[00:37:05] - The most challenging part of running a mining operation

[00:37:42] - Will we see a world where we can use phones and consumer tech to mine?

[00:38:45] - Can we expect to see energy companies stepping into the mining space?

[00:41:43] - The countries he’s most excited about that are making strides in mining

[00:42:32] - Thoughts on energy use, consumption, and environmental impacts

[00:45:28] - Educating politicians on the advantages and necessity of participating in mining

[00:46:18] - What he’s most excited about seeing built in the short term and mid-term

[00:48:05] - Learn more about mining; foundrydigital.com