In this episode I chat with Nicholas Amato, Founder and CEO of 803Mine. We have a really in-depth discussion on:
What Bitcoin and cryptocurrency mining is
Why Bitcoin is valued the way it is
We put some numbers to the exponentially increasing scale of computing power needed in this industry
We discuss how mining is monetized and the scope of the industry’s growth
1:18 - Introducing Nicholas and his company, the 803 Mine Project.
2:09 - What bitcoin and cryptocurrency mining actually is.
4:27 - The value and importance of a crypto mining company and how mining relates to the block chain.
7:48 - How large the scale of required computing power is now and how it has grown.
9:54 - Nicholas’s career background and how that has influenced his current work.
11:29 - Speculation versus likely use cases for the value of bitcoin; how 803 Mine is looking to aid US national security.
16:13 - Putting numbers to the exponentially increasing scale of computing power needed in this industry; how mining is monetized and the scope of the industry’s growth
20:26 - Integrating the various cryptocurrencies over time.
22:20 - The possibly destabilizing effects of bitcoins in certain hands and the importance of bringing more block chain control on shore.
26:11 - The difference between other token based businesses and 803 Mine’s model.
30:17 - How Nicholas sees legislation evolving around cryptocurrency and mining.
35:29 - Details on the membership offering from 803 Mine and how to learn more about it; the untraditional approach Nicholas is taking to raising money and running his business.
43:28 - Nicholas’s excitement for this space and the work he’s doing.
45:10 - The questionnaire.
1:00:05 - Learning more about 803 Mine and getting involved.
Resources and Links Mentioned:
(Episodes #050 with John Vitale and #010 with Will Henshall)
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