Episode 229

MI142: Now Everyone Can Mine Bitcoin w/ Whit Gibbs

Clay Finck chats with Whit Gibbs about what bitcoin mining is, why someone might want to mine bitcoin rather than just buying the asset, some of the exciting things happening in the bitcoin mining space in Texas and El Salvador, what led Whit to starting Compass Mining, what the economics are of owning a bitcoin miner through Compass, what the risks are of mining bitcoin, and much more!

The Intrinsic Value Podcast - The Investor’s Podcast Network

February 15, 202247m 5s

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Show Notes

IN THIS EPISODE, YOU’LL LEARN:

05:53 - Why someone might want to mine bitcoin, rather than just buying the asset.
21:09 - What led Whit to starting Compass.
24:33 - What other services are being offered at Compass Mining.
26:30 - What a mining pool is and how mining pools help hedge your risk mining bitcoin.
46:41 - How much it costs to purchase a miner, and what the economics looks like currently of owning a bitcoin miner.
And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.
Check out Compass Mining.
Follow Whit on Twitter.
Trade Bitcoin with Swan.
Related episode: MI128: Why Buy Bitcoin w/ Andy Edstrom.
Related episode: MI135: Bitcoin is for Millennials w/ Preston Pysh.
Check out our Investing Starter Packs about business and finance.

SPONSORS

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Read this episode’s transcript and full show notes on our website.

Connect with Whit: Website | Twitter

Connect with Clay: Twitter

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