The Pomp Podcast

#881 Mine Bitcoin Now, Pay Later w/ Wit Gibbs & Zain Allarakhia

Mar 24, 2022
Zain Allarakhia, Founder and CTO of Pipe, and Whit Gibbs, CEO of Compass Mining, discuss a groundbreaking partnership allowing individuals to finance Bitcoin mining equipment through recurring revenue models. They delve into how this innovative approach transforms mining into an accessible investment opportunity. The duo explores the viability of Bitcoin mining as a fixed income asset, highlighting attractive yields in today's economy. Listeners also discover flexible financing options that add ease and appeal for aspiring miners.
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ANECDOTE

Pomp's Bitcoin Play

  • Anthony Pompliano was the first person to use Pipe for Substack revenue.
  • He bought Bitcoin with the proceeds, pulling future cash flow into the present.
INSIGHT

Pipe's API Versatility

  • Pipe's API is not crypto-specific and any business can use it.
  • Compass Mining uses it to offer financing for mining equipment.
ADVICE

Mine Bitcoin Today

  • Mine more Bitcoin today than tomorrow.
  • Use Compass Payment Plans to buy multiple machines and spread payments.
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