In this episode of the Compass Mining Podcast, Nico Smid joins Jarrett to dive into the key developments that shaped Bitcoin mining in 2024. They explore critical topics like the Bitcoin halving, network hashrate growth, geographical shifts, and the economics of mining, shedding light on the challenges and opportunities facing the industry.

Watch on YouTube - https://youtu.be/-T18AaECJz4

Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining. 

Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for.

--------------------------------------------

LISTEN TO OUR SHOW:

Spotify - https://spoti.fi/3MXg1o8 

Apple - https://apple.co/4goMWQl 

--------------------------------------------

MINE:

Start mining your own bitcoins with Compass. https://bit.ly/4eloP36 

WATCH:

 https://bit.ly/3XGkgus 

--------------------------------------------

💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://bit.ly/3XmgmFW and via links below:

🔗 About Us - https://bit.ly/3MXgzuc 

🔗 Our Facilities - https://bit.ly/3XQXAYI 

🔗 Home Mining Guide - https://bit.ly/3Zw6FHu 

🔗 Hosted Mining Guide - https://bit.ly/3TCS8pU 

🔗 Our Compass Mining Articles - https://bit.ly/3BdVkC3 

🔗 Educational Content - https://bit.ly/3TB3qeg 

💻 Follow Compass Mining on social media:

🔗 X - https://bit.ly/3Y1uLZT 

🔗 Linkedin - https://bit.ly/4duOe9P 

On 'The Check In' this week, Karoon Mackenchery joins Jarrett to discuss the evolution of insurance in the Bitcoin mining industry including the risks, the types of insurances offered, and finally some important considerations and tips when putting together your insurance strategy.

On this episode, Lee Bratcher of the Texas Blockchain Council joins Jarrett for a 2024 EOY Roundup episode of the bitcoin mining industry, bitcoin and the digital asset landscape, as well as an outlook of what's to come in 2025!

Lee's X - https://x.com/lee_bratcher

Lee's LinkedIn - https://www.linkedin.com/in/leebratcher/

Texas Blockchain Council's Website - https://texasblockchaincouncil.org/

TBC's X - https://x.com/txblockchain_

Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining. 

ABOUT COMPASS MINING:

⚒️ INCLUSIVE APPROACH: Compass believes that Bitcoin mining should be an opportunity available to everyone. Our tagline, "Now everyone can mine bitcoin," emphasizes this belief.

🤝 COMPREHENSIVE SERVICES: We offer a range of services, from providing mining hardware to hosting solutions. This ensures that both novices and experts in the mining field can find tools and resources tailored to their needs.

⭐️ WORLD-CLASS FACILITIES: Compass boasts some of the best facilities in the world for Bitcoin mining. These state-of-the-art facilities ensure optimal mining conditions.

🔎 EDUCATIONAL CONTENT: Compass is not just about providing mining services. We are also committed to educating the masses about Bitcoin and the mining process. Our platform offers insights, research, and analysis from leading industry analysts.

⚡️ MISSION-DRIVEN: Compass is a Bitcoin-first company. Our mission revolves around supporting the decentralized growth of hashrate, strengthening network security, and helping more people understand, explore, and mine Bitcoin.

Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for.

--------------------------------------------

LISTEN TO OUR SHOW:

Spotify - https://spoti.fi/3MXg1o8 

Apple - https://apple.co/4goMWQl 

--------------------------------------------

MINE:

Start mining your own bitcoins with Compass. https://bit.ly/4eloP36 

WATCH:

 https://bit.ly/3XGkgus 

--------------------------------------------

💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://bit.ly/3XmgmFW and via links below:

🔗 About Us - https://bit.ly/3MXgzuc 

🔗 Our Facilities - https://bit.ly/3XQXAYI 

🔗 Home Mining Guide - https://bit.ly/3Zw6FHu 

🔗 Hosted Mining Guide - https://bit.ly/3TCS8pU 

🔗 Our Compass Mining Articles - https://bit.ly/3BdVkC3 

🔗 Educational Content - https://bit.ly/3TB3qeg 

💻 Follow Compass Mining on social media:

🔗 X - https://bit.ly/3Y1uLZT 

🔗 Linkedin - https://bit.ly/4duOe9P 

Happy hashing! 🤝

On this Christmas Eve, Adam Budd and Colby Noe from the Compass Mining sales team join Jarrett on the pod to chat all things Bitcoin Mining and to wish everyone a Happy Holidays!

On this episode, Jeff Bryant joins Jarrett once again to dive into his local food mission, SATS 4 SOUP, and share with us how we can donate Bitcoin today to support his local, Ohio food pantry.

Watch on YouTube - https://youtu.be/cXDNR1FM6MM

On the podcast this week, Scott Sibley, Co-Founder of Shamory, joins Jarrett to talk about how he came up with their flagship card game that explains Bitcoin Mining, why he and his wife decided to create their company and how his products play an important educational role in the Bitcoin and Bitcoin Mining ecosystems.

Use code SHAMORY at checkout with the purchase of any miner on https://compassmining.io/ and we'll send you out a Shamory game while supplies last!

⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️

00:00 - Scott's Episode Intro

00:37 - Episode Start

02:08 - What Is Shamory?

09:05 - Importance of IRL Games In The Physical World

13:11 - Diving Into Shamory's Product Line

20:44 - Why Did They Choose To Start With Bitcoin Mining?

Shamory Website - https://shamory.com/

Shamory X Account - https://x.com/playshamory

[INSERT VIDEO DESCRIPTION HERE AND DELETE THIS IN YOUTUBE]

Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining. 

ABOUT COMPASS MINING:

⚒️ INCLUSIVE APPROACH: Compass believes that Bitcoin mining should be an opportunity available to everyone. Our tagline, "Now everyone can mine bitcoin," emphasizes this belief.

🤝 COMPREHENSIVE SERVICES: We offer a range of services, from providing mining hardware to hosting solutions. This ensures that both novices and experts in the mining field can find tools and resources tailored to their needs.

⭐️ WORLD-CLASS FACILITIES: Compass boasts some of the best facilities in the world for Bitcoin mining. These state-of-the-art facilities ensure optimal mining conditions.

🔎 EDUCATIONAL CONTENT: Compass is not just about providing mining services. We are also committed to educating the masses about Bitcoin and the mining process. Our platform offers insights, research, and analysis from leading industry analysts.

⚡️ MISSION-DRIVEN: Compass is a Bitcoin-first company. Our mission revolves around supporting the decentralized growth of hashrate, strengthening network security, and helping more people understand, explore, and mine Bitcoin.

Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for.

--------------------------------------------

LISTEN TO OUR SHOW:

Spotify - https://spoti.fi/3MXg1o8 

Apple - https://apple.co/4goMWQl 

--------------------------------------------

MINE:

Start mining your own bitcoins with Compass. https://bit.ly/4eloP36 

WATCH:

 https://bit.ly/3XGkgus 

--------------------------------------------

💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://bit.ly/3XmgmFW and via links below:

🔗 About Us - https://bit.ly/3MXgzuc 

🔗 Our Facilities - https://bit.ly/3XQXAYI 

🔗 Home Mining Guide - https://bit.ly/3Zw6FHu 

🔗 Hosted Mining Guide - https://bit.ly/3TCS8pU 

🔗 Our Compass Mining Articles - https://bit.ly/3BdVkC3 

🔗 Educational Content - https://bit.ly/3TB3qeg 

💻 Follow Compass Mining on social media:

🔗 X - https://bit.ly/3Y1uLZT 

🔗 Linkedin - https://bit.ly/4duOe9P 

Happy hashing! 🤝

Cameron Morrissey, from our People Team, joins Jarrett on 'The Check In' this week to talk about the uniqueness of working in Bitcoin, Bitcoin Mining and at Compass Mining.

Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining. 

ABOUT COMPASS MINING:

⚒️ INCLUSIVE APPROACH: Compass believes that Bitcoin mining should be an opportunity available to everyone. Our tagline, "Now everyone can mine bitcoin," emphasizes this belief.

🤝 COMPREHENSIVE SERVICES: We offer a range of services, from providing mining hardware to hosting solutions. This ensures that both novices and experts in the mining field can find tools and resources tailored to their needs.

⭐️ WORLD-CLASS FACILITIES: Compass boasts some of the best facilities in the world for Bitcoin mining. These state-of-the-art facilities ensure optimal mining conditions.

🔎 EDUCATIONAL CONTENT: Compass is not just about providing mining services. We are also committed to educating the masses about Bitcoin and the mining process. Our platform offers insights, research, and analysis from leading industry analysts.

⚡️ MISSION-DRIVEN: Compass is a Bitcoin-first company. Our mission revolves around supporting the decentralized growth of hashrate, strengthening network security, and helping more people understand, explore, and mine Bitcoin.

Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for.

--------------------------------------------

LISTEN TO OUR SHOW:

Spotify - https://spoti.fi/3MXg1o8 

Apple - https://apple.co/4goMWQl 

--------------------------------------------

MINE:

Start mining your own bitcoins with Compass. https://bit.ly/4eloP36 

WATCH:

 https://bit.ly/3XGkgus 

--------------------------------------------

💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://bit.ly/3XmgmFW and via links below:

🔗 About Us - https://bit.ly/3MXgzuc 

🔗 Our Facilities - https://bit.ly/3XQXAYI 

🔗 Home Mining Guide - https://bit.ly/3Zw6FHu 

🔗 Hosted Mining Guide - https://bit.ly/3TCS8pU 

🔗 Our Compass Mining Articles - https://bit.ly/3BdVkC3 

🔗 Educational Content - https://bit.ly/3TB3qeg 

💻 Follow Compass Mining on social media:

🔗 X - https://bit.ly/3Y1uLZT 

🔗 Linkedin - https://bit.ly/4duOe9P 

Happy hashing! 🤝

Author of 'The Bitcoin Miner's Almanac, Rob Warren, joins Jarrett on the pod this week to discuss his book, the current market and his thoughts on the future of the bitcoin mining industry.

Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining. 

ABOUT COMPASS MINING:

⚒️ INCLUSIVE APPROACH: Compass believes that Bitcoin mining should be an opportunity available to everyone. Our tagline, "Now everyone can mine bitcoin," emphasizes this belief.

🤝 COMPREHENSIVE SERVICES: We offer a range of services, from providing mining hardware to hosting solutions. This ensures that both novices and experts in the mining field can find tools and resources tailored to their needs.

⭐️ WORLD-CLASS FACILITIES: Compass boasts some of the best facilities in the world for Bitcoin mining. These state-of-the-art facilities ensure optimal mining conditions.

🔎 EDUCATIONAL CONTENT: Compass is not just about providing mining services. We are also committed to educating the masses about Bitcoin and the mining process. Our platform offers insights, research, and analysis from leading industry analysts.

⚡️ MISSION-DRIVEN: Compass is a Bitcoin-first company. Our mission revolves around supporting the decentralized growth of hashrate, strengthening network security, and helping more people understand, explore, and mine Bitcoin.

Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for.

--------------------------------------------

LISTEN TO OUR SHOW:

Spotify - https://spoti.fi/3MXg1o8 

Apple - https://apple.co/4goMWQl 

--------------------------------------------

MINE:

Start mining your own bitcoins with Compass. https://bit.ly/4eloP36 

WATCH:

 https://bit.ly/3XGkgus 

--------------------------------------------

💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://bit.ly/3XmgmFW and via links below:

🔗 About Us - https://bit.ly/3MXgzuc 

🔗 Our Facilities - https://bit.ly/3XQXAYI 

🔗 Home Mining Guide - https://bit.ly/3Zw6FHu 

🔗 Hosted Mining Guide - https://bit.ly/3TCS8pU 

🔗 Our Compass Mining Articles - https://bit.ly/3BdVkC3 

🔗 Educational Content - https://bit.ly/3TB3qeg 

💻 Follow Compass Mining on social media:

🔗 X - https://bit.ly/3Y1uLZT 

🔗 Linkedin - https://bit.ly/4duOe9P 

Shanon Squires, our Chief Mining Officer, joins Jarrett on The Check In this week to provide updates on our first owned and operated site in Iowa.

Shanon's X - https://x.com/ShanonSquires

Shanon's email - [email protected]

Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining. 

ABOUT COMPASS MINING:

⚒️ INCLUSIVE APPROACH: Compass believes that Bitcoin mining should be an opportunity available to everyone. Our tagline, "Now everyone can mine bitcoin," emphasizes this belief.

🤝 COMPREHENSIVE SERVICES: We offer a range of services, from providing mining hardware to hosting solutions. This ensures that both novices and experts in the mining field can find tools and resources tailored to their needs.

⭐️ WORLD-CLASS FACILITIES: Compass boasts some of the best facilities in the world for Bitcoin mining. These state-of-the-art facilities ensure optimal mining conditions.

🔎 EDUCATIONAL CONTENT: Compass is not just about providing mining services. We are also committed to educating the masses about Bitcoin and the mining process. Our platform offers insights, research, and analysis from leading industry analysts.

⚡️ MISSION-DRIVEN: Compass is a Bitcoin-first company. Our mission revolves around supporting the decentralized growth of hashrate, strengthening network security, and helping more people understand, explore, and mine Bitcoin.

Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for.

--------------------------------------------

LISTEN TO OUR SHOW:

Spotify - https://spoti.fi/3MXg1o8 

Apple - https://apple.co/4goMWQl 

--------------------------------------------

MINE:

Start mining your own bitcoins with Compass. https://bit.ly/4eloP36 

WATCH:

 https://bit.ly/3XGkgus 

--------------------------------------------

💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://bit.ly/3XmgmFW and via links below:

🔗 About Us - https://bit.ly/3MXgzuc 

🔗 Our Facilities - https://bit.ly/3XQXAYI 

🔗 Home Mining Guide - https://bit.ly/3Zw6FHu 

🔗 Hosted Mining Guide - https://bit.ly/3TCS8pU 

🔗 Our Compass Mining Articles - https://bit.ly/3BdVkC3 

🔗 Educational Content - https://bit.ly/3TB3qeg 

💻 Follow Compass Mining on social media:

🔗 X - https://bit.ly/3Y1uLZT 

🔗 Linkedin - https://bit.ly/4duOe9P 

Happy hashing! 🤝

#Bitcoin #BitcoinMining

Nick Ward and Noah Buxton join Jarrett Carpenter on the podcast this week to share all their savvy and experience that can support Bitcoin Miners, as we get closer to end of the year.

Representing  @The_NetworkFirm , they bring a wealth of expertise to any conversation around taxes and accounting and how it all applies to the nascent industry of Bitcoin Mining.

Previous Podcast with Nick & Noah - https://youtu.be/gUM-rbUvbIg?si=XHWpjF9GTwMLwC6Y

Tax Tips Blog - https://compassmining.io/education/tax-considerations-for-bitcoin-miners/

⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️

00:00 - Nick's Intro

00:50 - Episode Begins

02:48 - What Should Miners Be Considering At The End Of The Year For Taxes?

08:19 - What Happens To My Taxes If Bitcoin Price Explodes?

13:56 - Get Your Financial Housekeeping In Order

14:31 - Charitable Contributions / Donation Deductions

17:21 - Other Deductions For Bitcoin Miners

19:41 - Top Insights For Bitcoin Miners For End Of Year

28:00 - Where To Get In Touch With The Network Firm

Email TNF - [email protected]

YouTube Channel -  @The_NetworkFirm 

Website - https://www.thenetworkfirm.com

Nick's LinkedIn - https://www.linkedin.com/in/nwcpacbp/

Noah's LinkedIn - https://www.linkedin.com/in/noahbuxton/

Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining. 

ABOUT COMPASS MINING:

⚒️ INCLUSIVE APPROACH: Compass believes that Bitcoin mining should be an opportunity available to everyone. Our tagline, "Now everyone can mine bitcoin," emphasizes this belief.

🤝 COMPREHENSIVE SERVICES: We offer a range of services, from providing mining hardware to hosting solutions. This ensures that both novices and experts in the mining field can find tools and resources tailored to their needs.

⭐️ WORLD-CLASS FACILITIES: Compass boasts some of the best facilities in the world for Bitcoin mining. These state-of-the-art facilities ensure optimal mining conditions.

🔎 EDUCATIONAL CONTENT: Compass is not just about providing mining services. We are also committed to educating the masses about Bitcoin and the mining process. Our platform offers insights, research, and analysis from leading industry analysts.

⚡️ MISSION-DRIVEN: Compass is a Bitcoin-first company. Our mission revolves around supporting the decentralized growth of hashrate, strengthening network security, and helping more people understand, explore, and mine Bitcoin.

Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for.

--------------------------------------------

LISTEN TO OUR SHOW:

Spotify - https://spoti.fi/3MXg1o8 

Apple - https://apple.co/4goMWQl 

--------------------------------------------

MINE:

Start mining your own bitcoins with Compass. https://bit.ly/4eloP36 

WATCH:

 https://bit.ly/3XGkgus 

--------------------------------------------

💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://bit.ly/3XmgmFW and via links below:

🔗 About Us - https://bit.ly/3MXgzuc 

🔗 Our Facilities - https://bit.ly/3XQXAYI 

🔗 Home Mining Guide - https://bit.ly/3Zw6FHu 

🔗 Hosted Mining Guide - https://bit.ly/3TCS8pU 

🔗 Our Compass Mining Articles - https://bit.ly/3BdVkC3 

🔗 Educational Content - https://bit.ly/3TB3qeg 

💻 Follow Compass Mining on social media:

🔗 X - https://bit.ly/3Y1uLZT 

🔗 Linkedin - https://bit.ly/4duOe9P 

Happy hashing! 🤝