I have Edward Weniger, President, Alpha Bitcoin and local to Omaha. We discuss the advantages and disadvantages of mining Bitcoin at home and on a commercial scale. We note that while commercial mining operations have higher overhead costs, they also have the potential to generate more revenue. They also discuss the energy market in the United States, noting that Texas deregulated its energy market some years ago. Prices for energy have gone up since then, but the state still offers some advantages for miners.

Edward discussed the recent Ethereum hard fork and merge, and expressed his opinion that the merge is a bad thing. They also talked about power consumption and how it is not profitable to mine Bitcoin at home.

We finish with some discussion about a Home Gadget Geeks meetup on May during Bitcoin day in Omaha. More details to come!

Thanks for listening.

Full show notes, transcriptions (available on request), audio and video at http://theAverageGuy.tv/hgg549

Join Jim Collison / @jcollison for show #549 of Home Gadget Geeks brought to you by the Average Guy Network.

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Links

Alpha Bitcoin

https://alphabtc.com/

MWarketplace.com

https://nebraskamining.io/

Omaha Bitcoin Day

https://bitcoinday.io/omaha23

 

Show Segments

What’s going on at Alpha Bitcoin? [1:13]

What’s the advantage for a miner in Nebraska? [5:33]

Are we in a good spot with bitcoin? Is it losing some of its volatility? [10:06]

When is the “havening” going to happen? [14:30]

What would your approach be to getting into crypto to the market? [19:28]

Is Coinbase primarily custodial or is it stability and longevity? [28:19]

How the gig economy has created a nightmare for tax reporting and how it’s changing. [33:45]

What’s the concern with decentralization? [40:54]

People have more invested in it, so there’s more likelihood they’re going to bring these things back. [46:35]

What’s going on in the world of crypto currencies. [51:13]

The future of sound money in bitcoin. [55:37]

There’s no better time to be in Omaha. [1:00:45]

What I’ve been spending a lot of time on since the last episode. [1:04:46]

 

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Join us in the Facebook group at https://www.facebook.com/groups/theaverageguy/