MI142: Now Everyone Can Mine Bitcoin w/ Whit Gibbs

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

Support our free podcast by supporting our sponsors:

• Range Rover
• Public
• Toyota
• Airbnb
• Facet
• Found
• Fundrise
• NetSuite

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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