Dan Roberts, Co-Founder & Co-CEO of Iris Energy, joins me for an in-depth conversation about Bitcoin Mining. We discuss what it's like running a Bitcoin Mining company, Bitcoin Mining's energy & production costs, how Bitcoin encourages entrepreneurship & the future of Bitcoin mining.
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Outline 00:00:00 “What is Money” Intro 00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com 00:01:37 Introducing Dan & his story into Bitcoin 00:06:48 What led Dan to Bitcoin Mining? 00:10:56 What is Bitcoin Mining? 00:15:38 Relationship between Bitcoin Price & Cost to Mine? 00:19:19 Correlation between Hash Rate & Bitcoin Price 00:25:07 Explaining the “51% Attack” & Why Bitcoin Incentivizes Honesty 00:36:12 Explaining Bitcoin Energy Consumption 00:41:52 Watch "Hard Money with Natalie Brunell" From Swan Studios 00:42:37 Take Control of Your Healthcare with CrowdHealth! 00:43:36 How Bitcoin brings back Honesty in Energy Prices 00:47:50 How is Bitcoin is the “Buyer of Last Resort” for Energy? 00:50:00 Discussing Regulated & Unregulated Operating Markets 00:55:37 How has China Bitcoin Mining Ban Impacted the Mining Market? 01:00:58 Bitcoin Incentivizing Entrepreneurship & other Positive Externalities of Bitcoin Mining 01:08:12 Will Bitcoin help Accelerate the Production of Cheaper Power? 01:11:30 Explaining how “Iris Energy” is “Leading Mining Efficiency” 01:15:38 Discussing the Future of Bitcoin’s Energy Mix 01:20:00 What is it like Working in Bitcoin Mining? 01:22:27 Where to find Dan’s Work 01:23:21 “What is Money” Outro