Welcome back to the Build-a-Mine Podcast, in today's episode i talk through the evolution of Bitcoin mining hardware. The race to find more hash rate has driven the competition from CPUs to the ASICs we see today. What does this mean for the future of mining? will we see a dramatic shift in the profitability of large miners? Or will we see another huge innovation in mining hardware?
I have no idea where the industry is going but I give my thoughts. I see it very plainly, the landscape is shifting and miners have to prepare for that. Maybe that is through combining Bitcoin mining with secondary revenue streams that require heat to do business.
Go to to.tool/Podcast to learn more about the show.
Want to learn more about how to start mining 1 bitcoin per month? Watch our free 45 minute webinar on commercial scale bitcoin mining. Heres the link- https://to.tools/bootcamp-intro-webinar-recording
If you are ready to get into mining but have no idea where to start check out our monthly MasterMINED club where we meet every week to network with other peers, hold each other accountable, and work towards our next mining operation. With monthly deep dives and weekly conversations about mining you'll know exactly what steps to take next. Visit https://to.tools/mastermined-club to learn more.
And finally if you are going to Nashville July 25th-27th for the Bitcoin conference, join us for a one-day Build-a-Mine intensive course designed to streamline your progress towards building a commercial-scale bitcoin mining operation. Go to https://the-mining-conference.eventbrite.com to sign up.
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Twitter: @TrevorBello @Willwaukee
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Reach out on email here:
Trevor@scottscryptominin.com
Will@scottscryptomining.com
Scott@scottscryptomining.com
(0:00 -1:43) Introduction and the situation
(1:43 - 6:20) Bitcoin and the American Dream
(6:20 - 7:33) Start a journey with us!
(7:33 - 13:53) Evolution of Bitcoin
(13:53 - 18:35) The first ASIC (Application Specific Integrated Circuit)
(18:35 - 20:35) Navigating Bitcoin Mining
(20:30 - )Next Episode and viewer appreciation