

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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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.
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.
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.