Podcast Hack
How Everyone Can Become a Bitcoin MinerBy The Pomp Podcast, Anthony Pompliano, Whit Gibbs

In a Nutshell

This December 2021 episode of The Pomp Podcast features Whit Gibbs, the founder of Compass Mining, who explains how the company brings the profitable business of bitcoin mining to the mass market.

Favorite Quote

Where else in the world do you start a business, and you break even on your initial capital investment in 12 to 14 months? It doesn't exist.

Whit Gibbs

Introduction

Bitcoin's price has gone from under $1 in 2010 to $60,000 in 2021.

Its supporters say that further price increases are a near-certainty and that Bitcoin is remaking our financial system.

To invest in bitcoin, you can simply buy it and hold it. But another form of investment is mining.

Anthony Pompliano is an investor, entrepreneur, and host of the business and finance podcast The Pomp Podcast. He manages a $500 million portfolio.

Whit Gibbs is the founder and CEO of Compass Mining, which allows retail investors to participate in bitcoin mining.

In this December 2021 episode of The Pomp Podcast, Pompliano and Gibbs discuss Compass' products, decentralizing the bitcoin network, and nation-state involvement in bitcoin mining.

Here are the 3 key insights from this Hack

  1. 1.
    Compass Mining connects data centers with Bitcoin miners
  2. 2.
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  3. 3.
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