#53 JP Baric - All You Need to Know about Bitcoin Mining

The Crypto Podcast

Jul 30, 2023•40 min•Season 2Ep. 53

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Episode description

JP Baric is the founder and CEO of MiningStore , a well-established technology company that designs, builds and operates large scale cryptocurrency mining data centers

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Bio of JP Baric :

JP Baric is the founder and CEO of MiningStore , a well-established technology company that designs, builds and operates large scale cryptocurrency mining data centers. JP has been mining since the Bitcoin was valued at $70/coin and regularly consults with Fortune 1000 companies entering the fast paced cryptocurrency mining business. MiningStore was launched in 2016, with a focus on reducing friction and increasing financial access to the cryptocurrency mining industry. From a young age, JP has always had a passion for being his own boss. Since starting a robotics camp at only 15 years old, he has created three businesses and has led the development of ten cryptocurrency mining sites.

What we Discussed:

- How he got into Bitcoin ( 3 mins)

- Which Wallet & Exchange he would recommend ( 5 mins)

- Explaining the Mining Process ( 6 mins)

- The damage to your ears from the Noise of miners ( 8 mins)

- Different options for Mining with Miningstore ( 10 mins)

- Duration from Green field site to operating the miners ( 13 mins)

- Can Pensions be used to invest ( 16 mins)

- Regulation on the Industry ( 17 mins)

- Energy Costs ( 20 mins)

- If the Power goes out ( 24 mins)

- Internet systems used ( 27 mins)