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:

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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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