Compass Mining

On this edition of The Check In, Cameron Morrissey joins Jarrett Carpenter to share his thoughts on the skills you need and don't need to be successful in Bitcoin. Cameron works on the Compass Mining people team and is an instrumental part of our hiring, training and continued education programs. Watch on YouTube - https://youtu.be/fJcn9wxJoTo Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  ABOUT COMPASS MINING: ⚒️ INCLUSIVE APPROACH: Compass believes that Bitcoin mining should be an opportunity available to everyone. Our tagline, "Now everyone can mine bitcoin," emphasizes this belief. 🤝 COMPREHENSIVE SERVICES: We offer a range of services, from providing mining hardware to hosting solutions. This ensures that both novices and experts in the mining field can find tools and resources tailored to their needs. ⭐️ WORLD-CLASS FACILITIES: Compass boasts some of the best facilities in the world for Bitcoin mining. These state-of-the-art facilities ensure optimal mining conditions. 🔎 EDUCATIONAL CONTENT: Compass is not just about providing mining services. We are also committed to educating the masses about Bitcoin and the mining process. Our platform offers insights, research, and analysis from leading industry analysts. ⚡️ MISSION-DRIVEN: Compass is a Bitcoin-first company. Our mission revolves around supporting the decentralized growth of hashrate, strengthening network security, and helping more people understand, explore, and mine Bitcoin. Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for. -------------------------------------------- LISTEN TO OUR SHOW: Spotify - https://open.spotify.com/show/36XWVmiCjUwVq5grF8i041 Apple - https://podcasts.apple.com/us/podcast/compass-mining/id1746980083 -------------------------------------------- MINE: Start mining your own bitcoins with Compass. https://compassmining.io/hardware WATCH:  https://youtube.com/c/CompassMining?sub_confirmation=1 -------------------------------------------- 💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://www.compassmining.io and via links below: 🔗 About Us - https://compassmining.io/about 🔗 Our Facilities - https://compassmining.io/facilities 🔗 Home Mining Guide - https://compassmining.io/at-home-mining 🔗 Hosted Mining Guide - https://compassmining.io/education/hosted-mining-guide 🔗 Our Compass Mining Articles - https://compassmining.io/education/tag/article 🔗 Educational Content - https://compassmining.io/education/tag/educational   💻 Follow Compass Mining on social media: 🔗 X - https://twitter.com/compass_mining 🔗 Linkedin - https://www.linkedin.com/company/compassmining/ Happy hashing! 🤝 #Bitcoin #BitcoinMining

In this episode of Breaking Into Bitcoin, Curtis Harris and Andy Thompson welcome John Rodriguez to the show to discuss the current job market in the Bitcoin industry, focusing on recruitment, job opportunities, and advice for job seekers. They explore the growth of Foundry Digital, the importance of networking at conferences, and the challenges faced by candidates and employers in the Bitcoin ecosystem. The conversation emphasizes the need for resilience and adaptability in a rapidly changing industry, as well as the increasing demand for Bitcoin talent across various sectors. Watch on YouTube - https://youtu.be/vQpg_MO8xZY ⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️ 00:00 - Jon's Episode Intro On Importance of Bitcoin Conferences 00:27 - Curtis Kicks Off Episode 01:55 - Diving Into Foundry Digital 05:30 - Open Roles In Bitcoin 13:23 - Top Advice For Bitcoin Job Seekers Today 17:20 - Where To Find Bitcoin Jobs At Foundry & In The Industry 21:56 - Working Directly With Candidates VS Agency Recruiting 24:00 - Foundry's CEO-led Culture 25:02 - Challenges In Jon & Andy's HR Roles 29:15 - Will The Bull Market Provide HR Bitcoin Pros A Break? Jon's LinkedIn - https://www.linkedin.com/in/jon-rodriguez-40629227/ Foundry's Open Positions - https://boards.greenhouse.io/foundrydigital Andy's LinkedIn - https://www.linkedin.com/in/arthompson87/ Andy's X - https://x.com/theandytee Bitcoin Talent Co's Job Board - https://jobs.bitcointalent.co/ Curtis' LinkedIn - https://www.linkedin.com/in/curtis-harris-41bb6ba/ Curtis' X - https://x.com/Bitcoin_Curtis Compass Mining Open Roles - https://ats.rippling.com/compass-mining/jobs Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for. -------------------------------------------- LISTEN TO OUR SHOW: Spotify - https://open.spotify.com/show/36XWVmiCjUwVq5grF8i041 Apple - https://podcasts.apple.com/us/podcast/compass-mining/id1746980083 -------------------------------------------- MINE: Start mining your own bitcoins with Compass. https://compassmining.io/hardware WATCH:  https://youtube.com/c/CompassMining?sub_confirmation=1 -------------------------------------------- 💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://www.compassmining.io and via links below: 🔗 About Us - https://compassmining.io/about 🔗 Our Facilities - https://compassmining.io/facilities 🔗 Home Mining Guide - https://compassmining.io/at-home-mining 🔗 Hosted Mining Guide - https://compassmining.io/education/hosted-mining-guide 🔗 Our Compass Mining Articles - https://compassmining.io/education/tag/article 🔗 Educational Content - https://compassmining.io/education/tag/educational   💻 Follow Compass Mining on social media: 🔗 X - https://twitter.com/compass_mining 🔗 Linkedin - https://www.linkedin.com/company/compassmining/

On this episode, Jarrett is joined by Anthony Power and Bryce McNallie of Power Mining Analysis to dive into their story of creating their show, why they're so excited about the future of Bitcoin Mining, why they decided to take on Compass Mining as their show's main sponsor and much more, as it relates to the bitcoin mining industry! Watch on YouTube - https://youtu.be/nAxFDxWPd-o ⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️ 00:00 - Bryce Episode Intro 01:35 - McNallie Money Dives Into Bitcoin Mining 06:00 - Anthony & Bryce's Collaboration On The Show 10:25 - What's Exciting In The Industry Right Now? 16:00 - Bitcoin Bull Run Things To Keep An Eye On 23:35 - 5 Metrics To Understand Bitcoin Mining Valuations 28:50 - Power Mining Analysis Crown Themselves With Compass Mining Hats 29:30 - Why Power Mining Analysis Is Excited to Partner With Compass Mining Anthony's Compass Articles - https://compassmining.io/education/author/anthony/ Power Mining Analysis YouTube Channel - https://www.youtube.com/ @McNallieMoney  Power Mining Analysis Website - https://powermininganalysis.com/ Bryce's X - https://x.com/McnallieM Bryce's LinkedIn - https://www.linkedin.com/in/bryce-mcnallie-35a21335/ Anthony's X - https://x.com/cazenove_uk Anthony's LinkedIn - https://www.linkedin.com/in/anthony-power-36369813/ Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for. -------------------------------------------- LISTEN TO OUR SHOW: Spotify - https://open.spotify.com/show/36XWVmiCjUwVq5grF8i041 Apple - https://podcasts.apple.com/us/podcast/compass-mining/id1746980083 -------------------------------------------- MINE: Start mining your own bitcoins with Compass. https://compassmining.io/hardware WATCH:  https://youtube.com/c/CompassMining?sub_confirmation=1 -------------------------------------------- 💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://www.compassmining.io and via links below: 🔗 About Us - https://compassmining.io/about 🔗 Our Facilities - https://compassmining.io/facilities 🔗 Home Mining Guide - https://compassmining.io/at-home-mining 🔗 Hosted Mining Guide - https://compassmining.io/education/hosted-mining-guide 🔗 Our Compass Mining Articles - https://compassmining.io/education/tag/article 🔗 Educational Content - https://compassmining.io/education/tag/educational   💻 Follow Compass Mining on social media: 🔗 X - https://twitter.com/compass_mining 🔗 Linkedin - https://www.linkedin.com/company/compassmining/

Tatum Cave joins The Check In this week to discuss with Jarrett Carpenter what could/will happen when the last block is mind in the year 2140. Tatum's Full Podcast Episode - https://youtu.be/VIPIom1aJfE?si=txDyrqZTLEvQgLdZ Watch on YouTube - https://youtu.be/JVStY-Iichk Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  ABOUT COMPASS MINING: ⚒️ INCLUSIVE APPROACH: Compass believes that Bitcoin mining should be an opportunity available to everyone. Our tagline, "Now everyone can mine bitcoin," emphasizes this belief. 🤝 COMPREHENSIVE SERVICES: We offer a range of services, from providing mining hardware to hosting solutions. This ensures that both novices and experts in the mining field can find tools and resources tailored to their needs. ⭐️ WORLD-CLASS FACILITIES: Compass boasts some of the best facilities in the world for Bitcoin mining. These state-of-the-art facilities ensure optimal mining conditions. 🔎 EDUCATIONAL CONTENT: Compass is not just about providing mining services. We are also committed to educating the masses about Bitcoin and the mining process. Our platform offers insights, research, and analysis from leading industry analysts. ⚡️ MISSION-DRIVEN: Compass is a Bitcoin-first company. Our mission revolves around supporting the decentralized growth of hashrate, strengthening network security, and helping more people understand, explore, and mine Bitcoin. Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for. -------------------------------------------- LISTEN TO OUR SHOW: Spotify - https://open.spotify.com/show/36XWVmiCjUwVq5grF8i041 Apple - https://podcasts.apple.com/us/podcast/compass-mining/id1746980083 -------------------------------------------- MINE: Start mining your own bitcoins with Compass. https://compassmining.io/hardware WATCH:  https://youtube.com/c/CompassMining?sub_confirmation=1 -------------------------------------------- 💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://www.compassmining.io and via links below: 🔗 About Us - https://compassmining.io/about 🔗 Our Facilities - https://compassmining.io/facilities 🔗 Home Mining Guide - https://compassmining.io/at-home-mining 🔗 Hosted Mining Guide - https://compassmining.io/education/hosted-mining-guide 🔗 Our Compass Mining Articles - https://compassmining.io/education/tag/article 🔗 Educational Content - https://compassmining.io/education/tag/educational   💻 Follow Compass Mining on social media: 🔗 X - https://twitter.com/compass_mining 🔗 Linkedin - https://www.linkedin.com/company/compassmining/

Andrew Burchwell joins Jarrett on the podcast to dive into all the work he's doing as Executive Director and Founder of the Ohio Blockchain Council. The episode touches upon the following themes and more: ⛏️⚡️ Ohio is working to position itself as a leader in the blockchain and Bitcoin mining industry, with a focus on energy, infrastructure, and collaboration. ⛏️⚡️ Bitcoin mining is a tangible and visible aspect of the industry that can help educate and engage stakeholders in the broader conversation about digital currencies and technology. ⛏️⚡️ The Ohio Blockchain Council is dedicated to supporting and advocating for the industry, providing resources, networking opportunities, and a platform for collaboration. ⛏️⚡️ The Amplify event in Ohio brings together industry leaders, companies, and stakeholders to discuss topics such as energy, infrastructure, and the future of Bitcoin mining. Get tickets today -- https://www.eventbrite.com/e/amplify-2024-tickets-945683915047?utm-campaign=social&utm-content=attendeeshare&utm-medium=discovery&utm-term=listing&utm-source=cp&aff=ebdsshcopyurl Watch On YouTube - https://youtu.be/hZ14sZ3wLXA ⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️ 00:00 - Andrew's Intro 01:25 - Andrew Intros Himself & Ohio Blockchain Council 05:30 - Biggest Focuses For Members & Partners In Ohio 10:30 - How Much Of Work Is With Bitcoin Miners? 14:40 - Highlighted Ohio Bitcoin Companies 18:50 - % Of Exahash Is In Ohio 21:33 - Amplify 2024 Preview (Ticket Link Above) 29:57 - Ohio Blockchain Council's Elevator Speech Noah & Nick From The Network Firm - https://youtu.be/gUM-rbUvbIg?si=bp3FGQAHQql8Or_f Ohio Blockchain Council's Website - https://www.ohioblockchain.org/ OBC on X - https://x.com/OHBlockchain OBC on LinkedIn - https://www.linkedin.com/company/ohio-blockchain-council Andrew's LinkedIn - https://www.linkedin.com/in/andrew-burchwell-a7284994/ Andrew's X - https://x.com/AndrewBurchwell Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for. -------------------------------------------- LISTEN TO OUR SHOW: Spotify - https://open.spotify.com/show/36XWVmiCjUwVq5grF8i041 Apple - https://podcasts.apple.com/us/podcast/compass-mining/id1746980083 -------------------------------------------- MINE: Start mining your own bitcoins with Compass. https://compassmining.io/hardware WATCH:  https://youtube.com/c/CompassMining?sub_confirmation=1 -------------------------------------------- 💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://www.compassmining.io and via links below: 🔗 About Us - https://compassmining.io/about 🔗 Our Facilities - https://compassmining.io/facilities 🔗 Home Mining Guide - https://compassmining.io/at-home-mining 🔗 Hosted Mining Guide - https://compassmining.io/education/hosted-mining-guide 🔗 Our Compass Mining Articles - https://compassmining.io/education/tag/article 🔗 Educational Content - https://compassmining.io/education/tag/educational   💻 Follow Compass Mining on social media: 🔗 X - https://twitter.com/compass_mining 🔗 Linkedin - https://www.linkedin.com/company/compassmining/ Happy hashing! 🤝 #Bitcoin #BitcoinMining

 @ColbyNoe  joins Jarrett Carpenter on this week's The Check In to tackle the simple question - When should you update your fleet? Watch on YouTube - https://youtu.be/5UcWYdVC8g0 To get in touch with Colby directly, please email him at colby@compassmining.io Colby on X - https://x.com/ColbyNoe X Thread on Bitmain's New Hardware - https://x.com/theMiningPod/status/1831323103743369359 Tax Considerations for Bitcoin Miners Blog - https://compassmining.io/education/tax-considerations-for-bitcoin-miners/ S21 Pro Pack - https://education.compassmining.io/education/antminer-s21-pro-pack/ Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  ABOUT COMPASS MINING: ⚒️ INCLUSIVE APPROACH: Compass believes that Bitcoin mining should be an opportunity available to everyone. Our tagline, "Now everyone can mine bitcoin," emphasizes this belief. 🤝 COMPREHENSIVE SERVICES: We offer a range of services, from providing mining hardware to hosting solutions. This ensures that both novices and experts in the mining field can find tools and resources tailored to their needs. ⭐️ WORLD-CLASS FACILITIES: Compass boasts some of the best facilities in the world for Bitcoin mining. These state-of-the-art facilities ensure optimal mining conditions. 🔎 EDUCATIONAL CONTENT: Compass is not just about providing mining services. We are also committed to educating the masses about Bitcoin and the mining process. Our platform offers insights, research, and analysis from leading industry analysts. ⚡️ MISSION-DRIVEN: Compass is a Bitcoin-first company. Our mission revolves around supporting the decentralized growth of hashrate, strengthening network security, and helping more people understand, explore, and mine Bitcoin. Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for. -------------------------------------------- LISTEN TO OUR SHOW: Spotify - https://open.spotify.com/show/36XWVmiCjUwVq5grF8i041 Apple - https://podcasts.apple.com/us/podcast/compass-mining/id1746980083 -------------------------------------------- MINE: Start mining your own bitcoins with Compass. https://compassmining.io/hardware WATCH:  https://youtube.com/c/CompassMining?sub_confirmation=1 -------------------------------------------- 💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://www.compassmining.io and via links below: 🔗 About Us - https://compassmining.io/about 🔗 Our Facilities - https://compassmining.io/facilities 🔗 Home Mining Guide - https://compassmining.io/at-home-mining 🔗 Hosted Mining Guide - https://compassmining.io/education/hosted-mining-guide 🔗 Our Compass Mining Articles - https://compassmining.io/education/tag/article 🔗 Educational Content - https://compassmining.io/education/tag/educational   💻 Follow Compass Mining on social media: 🔗 X - https://twitter.com/compass_mining 🔗 Linkedin - https://www.linkedin.com/company/compassmining/ Happy hashing! 🤝

On this episode, Jarrett Carpenter is joined by Noah Buxton and Nick Ward, Co-Founders of The Network Firm, where they share CPA insights and tax considerations for Bitcoin miners and more: ⛏️⚡️ Bitcoin miners have two taxable events: earning Bitcoin rewards and disposing of Bitcoin. ⛏️⚡️ Setting up a legal structure, such as an LLC, can allow miners to take advantage of certain deductions. ⛏️⚡️ Depreciation is a key tax benefit for miners, with options for accelerated and bonus depreciation. ⛏️⚡️ Miners should plan for the tax implications of selling miners, as it can result in both income and capital gains tax. Hobbyist miners and business miners have different tax implications, with business miners being able to take advantage of depreciation deductions. ⛏️⚡️ Planning and working with a CPA is crucial to navigate the complex tax landscape and optimize tax strategies. ⛏️⚡️ Tracking tax basis on mined coins can be challenging, but there are software solutions available to assist with this. ⛏️⚡️ The upcoming bull run may not lead to immediate changes in the tax code, but there is hope for a more favorable regulatory environment for Bitcoin miners. ⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️ 00:00 - Episode Intro 01:06 - What Is The Network Firm? 04:05 - Evolution of CPA Work In Crypto & Bitcoin 07:45 - 2 Taxable Events For Bitcoin Miners 09:40 - Tax Myths For Bitcoin Miners 13:00 - Mining As A Business vs Hobby (Simple vs Complex) 18:20 - When Should You Set Up A Business Structure 20:55 - Taking Advantage of Depreciations 27:06 - Taxable Event of Selling Miners 32:09 - Year End Tax Planning For Bitcoin Miners 36:27 - Tax Benefits of Buying Spot vs Mining Bitcoin 39:47 - Tax Tracking Basis of Mined Coins 47:20 - Bull Run Implications To US Tax Code 49:47 - What Law Would Noah Put Into Place For Crypto CPAs Tax Considerations For Bitcoin Miners Blog - https://compassmining.io/education/tax-considerations-for-bitcoin-miners/ S21 Promo Pack - https://education.compassmining.io/education/antminer-s21-pro-pack/ The Network Firm Website - https://www.thenetworkfirm.com/ TNF X Account - https://x.com/The_NetworkFirm TNF LinkedIn Account - https://www.linkedin.com/company/the-network-firm/ Noah's LinkedIn - https://www.linkedin.com/in/noahbuxton/ Noah's X - https://x.com/BTCmePLZ Nick's LinkedIn - https://www.linkedin.com/in/nwcpacbp/ Nick's X Account - https://x.com/TripleEntryCPA Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  Compass Mining is a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for. -------------------------------------------- LISTEN TO OUR SHOW: Spotify - https://open.spotify.com/show/36XWVmiCjUwVq5grF8i041 Apple - https://podcasts.apple.com/us/podcast/compass-mining/id1746980083 -------------------------------------------- MINE: Start mining your own bitcoins with Compass. https://compassmining.io/hardware -------------------------------------------- 💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://www.compassmining.io and via links below: 🔗 About Us - https://compassmining.io/about 🔗 Hosted Mining Guide - https://compassmining.io/education/hosted-mining-guide 🔗 Our Compass Mining Articles - https://compassmining.io/education/tag/article 🔗 Educational Content - https://compassmining.io/education/tag/educational   💻 Follow Compass Mining on social media: 🔗 X - https://twitter.com/compass_mining 🔗 Linkedin - https://www.linkedin.com/company/compassmining/

CJ Burnett recently visited a Bitcoin Meet Up in Columbus, Ohio and this week's 'The Check In' features his overview of what Compass Mining is and what's the work we're executing to provide the world's best services and products for our customers. Watch on YouTube - https://youtu.be/OaNv91F_PNo Watch full interview here - https://x.com/compass_mining/status/1828036530566492628 Stay tuned for next week's The Check In! Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  ABOUT COMPASS MINING: ⚒️ INCLUSIVE APPROACH: Compass believes that Bitcoin mining should be an opportunity available to everyone. Our tagline, "Now everyone can mine bitcoin," emphasizes this belief. 🤝 COMPREHENSIVE SERVICES: We offer a range of services, from providing mining hardware to hosting solutions. This ensures that both novices and experts in the mining field can find tools and resources tailored to their needs. ⭐️ WORLD-CLASS FACILITIES: Compass boasts some of the best facilities in the world for Bitcoin mining. These state-of-the-art facilities ensure optimal mining conditions. 🔎 EDUCATIONAL CONTENT: Compass is not just about providing mining services. We are also committed to educating the masses about Bitcoin and the mining process. Our platform offers insights, research, and analysis from leading industry analysts. ⚡️ MISSION-DRIVEN: Compass is a Bitcoin-first company. Our mission revolves around supporting the decentralized growth of hashrate, strengthening network security, and helping more people understand, explore, and mine Bitcoin. Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for. -------------------------------------------- LISTEN TO OUR SHOW: Spotify - https://open.spotify.com/show/36XWVmiCjUwVq5grF8i041 Apple - https://podcasts.apple.com/us/podcast/compass-mining/id1746980083 -------------------------------------------- MINE: Start mining your own bitcoins with Compass. https://compassmining.io/hardware WATCH:  https://youtube.com/c/CompassMining?sub_confirmation=1 -------------------------------------------- 💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://www.compassmining.io and via links below: 🔗 About Us - https://compassmining.io/about 🔗 Our Facilities - https://compassmining.io/facilities 🔗 Home Mining Guide - https://compassmining.io/at-home-mining 🔗 Hosted Mining Guide - https://compassmining.io/education/hosted-mining-guide 🔗 Our Compass Mining Articles - https://compassmining.io/education/tag/article 🔗 Educational Content - https://compassmining.io/education/tag/educational   💻 Follow Compass Mining on social media: 🔗 X - https://twitter.com/compass_mining 🔗 Linkedin - https://www.linkedin.com/company/compassmining/

In this episode, Jarrett Carpenter chats with Tatum Cave around the topics of decentralization, the evolution of hardware in the Bitcoin mining industry and much more: ⛏️⚡️ The centralization of hash rate is a concern in the Bitcoin mining industry, as it poses risks to the network's security and decentralization. ⛏️⚡️ Physical decentralization, which refers to the geographic distribution of mining operations, is not a major concern due to advancements in solo mining and the availability of competitive energy markets worldwide. ⛏️⚡️ Digital decentralization, specifically in block template generation, is a more significant issue. Major mining pools, often white-labeled by Bitmain, control a significant portion of block templates, which can lead to censorship and potential reorganizations. ⛏️⚡️ Publicly traded mining companies face challenges in maintaining the ethos of Bitcoin mining, as they are driven by profit and shareholder interests. ⛏️⚡️ The global hash rate has grown exponentially over the years, reflecting the increasing competition and professionalization of the industry. ⛏️⚡️ The evolution of mining equipment has seen a shift from CPUs to GPUs to ASIC miners. ⛏️⚡️ The future of mining is uncertain, but there may be further innovations in cooling methods, such as hydro cooling. ⛏️⚡️ There is a growing market for mining equipment that is accessible to individuals with varying budgets and locations. Watch on YouTube ⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️ 00:00 - Tatum's Episode Intro 04:10 - Concerns Of Centralization In Bitcoin Mining 15:15 - BitMain Block Template Centralization 16:54 - PubCos Are Profit Driven, The Good & The Bad 28:20 - Tatum's Bitcoin Mining Journey 39:10 - Evolution Of Bitcoin Mining Hardware Unconfiscatable 2023 chat - https://www.youtube.com/live/mpdADs1seJE?si=xH5ulwOgzUvOtWHF&t=5379 Tatum on X - https://x.com/tatumturnup Tatum on LinkedIn - https://www.linkedin.com/in/tatumcave/ Tatum's YouTube Show - Between 2 ASICs - https://www.youtube.com/@TatumTurnUp Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for. -------------------------------------------- LISTEN TO OUR SHOW: Spotify - https://open.spotify.com/show/36XWVmiCjUwVq5grF8i041 Apple - https://podcasts.apple.com/us/podcast/compass-mining/id1746980083 -------------------------------------------- MINE: Start mining your own bitcoins with Compass. https://compassmining.io/hardware WATCH:  https://youtube.com/c/CompassMining?sub_confirmation=1 -------------------------------------------- 💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://www.compassmining.io and via links below: 🔗 About Us - https://compassmining.io/about 🔗 Our Facilities - https://compassmining.io/facilities 🔗 Home Mining Guide - https://compassmining.io/at-home-mining 🔗 Hosted Mining Guide - https://compassmining.io/education/hosted-mining-guide 🔗 Our Compass Mining Articles - https://compassmining.io/education/tag/article 🔗 Educational Content - https://compassmining.io/education/tag/educational   💻 Follow Compass Mining on social media: 🔗 X - https://twitter.com/compass_mining 🔗 Linkedin - https://www.linkedin.com/company/compassmining/

In this edition of The Check In, Karoon Mackenchery and Jarrett Carpenter dive into, analyze and share thoughts on Galaxy's 2024 Mid-Year Bitcoin Mining Report. (TLDR - it's bullish for the industry!) Watch on YouTube - https://youtu.be/uW993uIC8LM To get a copy of the report, please click here - https://www.galaxy.com/insights/research/2024-mid-year-mining/ Anthony Power's Article on AI/Bitcoin Mining - https://compassmining.io/education/bitcoin-miners-are-shifting-towards-hpc-and-ai-data-business-models/ Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for. -------------------------------------------- LISTEN TO OUR SHOW: Spotify - https://open.spotify.com/show/36XWVmiCjUwVq5grF8i041 Apple - https://podcasts.apple.com/us/podcast/compass-mining/id1746980083 -------------------------------------------- MINE: Start mining your own bitcoins with Compass. https://compassmining.io/hardware WATCH:  https://youtube.com/c/CompassMining?sub_confirmation=1 -------------------------------------------- 💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://www.compassmining.io and via links below: 🔗 About Us - https://compassmining.io/about 🔗 Our Facilities - https://compassmining.io/facilities 🔗 Home Mining Guide - https://compassmining.io/at-home-mining 🔗 Hosted Mining Guide - https://compassmining.io/education/hosted-mining-guide 🔗 Our Compass Mining Articles - https://compassmining.io/education/tag/article 🔗 Educational Content - https://compassmining.io/education/tag/educational   💻 Follow Compass Mining on social media: 🔗 X - https://twitter.com/compass_mining 🔗 Linkedin - https://www.linkedin.com/company/compassmining/