MI142: Now Everyone Can Mine Bitcoin w/ Whit Gibbs

<p><strong>IN THIS EPISODE, YOU’LL LEARN: </strong></p><ul><li>05:53 - Why someone might want to mine bitcoin, rather than just buying the asset.</li><li>21:09 - What led Whit to starting Compass.</li><li>24:33 - What other services are being offered at Compass Mining.</li><li>26:30 - What a mining pool is and how mining pools help hedge your risk mining bitcoin.</li><li>46:41 - How much it costs to purchase a miner, and what the economics looks like currently of owning a bitcoin miner.</li><li>And much, much more!</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>EPISODE RESOURCES</strong></p><p><br></p><ul><li>Robert and Clay’s tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank"><strong>TIP Finance</strong></a>.</li><li>Check out <a href="https://compassmining.io/" rel="noopener noreferrer" target="_blank"><strong>Compass Mining</strong></a>.</li><li>Follow Whit on <a href="https://twitter.com/BitcoinBroski" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>.</li><li>Trade Bitcoin with <a href="https://www.swanbitcoin.com/millennial-investing" rel="noopener noreferrer" target="_blank"><strong>Swan</strong></a>.</li><li>Related episode: <a href="https://www.theinvestorspodcast.com/millennial-investing/why-buy-bitcoin/" rel="noopener noreferrer" target="_blank"><strong>MI128: Why Buy Bitcoin w/ Andy Edstrom</strong></a>.</li><li>Related episode: <a href="https://www.theinvestorspodcast.com/millennial-investing/bitcoin-is-for-millennials/" rel="noopener noreferrer" target="_blank"><strong>MI135: Bitcoin is for Millennials w/ Preston Pysh</strong></a>.</li><li>Check out our<strong> </strong><a href="https://www.theinvestorspodcast.com/mi-starter-packs/" rel="noopener noreferrer" target="_blank"><strong>Investing Starter Packs</strong></a> about business and finance.</li><li>Support o