EP04: Bitcoin Mining with Fred Thiel

• 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

• “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.”