Uncensored Crypto

EP04: Bitcoin Mining with Fred Thiel


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Fred Thiel dives into Bitcoin mining and infrastructure, how Bitcoin compares to the Internet boom of the 90’s and advice for entrepreneurs ready to join the rapidly growing Bitcoin ecosystem.

In this podcast episode, we share:

  • How Bitcoin’s price interacts with the profitability of mining
  • What it looks like to only pay for Bitcoin miners vs. infrastructure
  • Forming partnerships and the long term outlook for Bitcoin mining
  • Bitcoin’s role in Web 3.0 and the impact on miners
  • Marathon Digital Holding’s immediate and long term mining plans
  • Using NFTs and Oracles to achieve 100% objectivity in data
  • Advice for entrepreneurs or startups interested in DAOs or the Bitcoin ecosystem
  • Impact of regulation and why Fred believes the Bitcoin blockchain provides more security and stability
  • Exciting developments in the blockchain market around identity and healthcare data
  • Memorable Quotes:

    • “You have to continue to grow and expand and it's a constant race to expand...it's a really good example of a time where our business model really helps us. We're not investing capital in mining infrastructure like hosting and data centers. We just invested in miners so we can grow at a faster rate than somebody who has to also pay for their infrastructure.”
  • “As the value of these networks grow, based on the number of users, the more users you have, the bigger market you have for any startup to address. I think it's just a question of time, and we're already seeing adoption in the blockchain world go faster than how the Internet was adopted.”
  • Links Mentioned:

    Marathon Digital Holdings - https://marathondh.com/

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    Uncensored CryptoBy Decentralized Publishing