Modern CTO

How to Mine BTC for $26k Per Coin with Eric Rice, President at SOVRN Capital

Nov 22, 2024
Eric Rice, President at SOVRN Capital, shares his compelling journey from skepticism to becoming a Bitcoin advocate. He discusses the innovative use of waste energy for cost-effective Bitcoin mining and the strategic advantages of investing in mining operations. The conversation sheds light on Bitcoin's potential to act as a universal treasury asset, revolutionizing financial access globally. Rice also emphasizes the necessity of education in navigating this evolving space and highlights investment opportunities in emerging Bitcoin projects.
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ANECDOTE

Eric's Bitcoin Journey

  • Eric Rice's Bitcoin journey began with skepticism in 2017, influenced by historical and economic research.
  • After exploring gold and silver, a friend introduced him to Bitcoin in 2021, leading to extensive self-education and investment.
INSIGHT

Bitcoin's Decentralized Security

  • Bitcoin's value stems from the impenetrable security of its decentralized system and hash rate.
  • This decentralization contrasts sharply with the centrally controlled systems prevalent today.
INSIGHT

Low-Cost Bitcoin Mining

  • Sovereign Capital leverages waste energy, specifically ethane, to mine Bitcoin at a low cost.
  • Extracting and selling CO2 generates carbon credits and tax advantages, further reducing costs.
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