McClurg asks,“How can someone mine bitcoin on the side, but still be in play with the big guys? How can you break in and participate in mining?” Sudock responds, “You can buy a rig and put it in your garage. Your margins are not going to be the same as a huge company, but you may be beating the larger companies on the price of exchange for bitcoin.” The trio discusses the perks of mining at home, and Wilson adds on how some cold weather universities should mine bitcoin and add Antminer S19s to heat their pools so students can swim in the winter.
Wilson states that water and power are the two things that define your quality of life. Hearing this, Sudock shares his belief that there is a spectrum. One side of the spectrum consists of the responsible ways to use electricity, such as running an MRI machine, while the other side consists of things that are irresponsible uses of energy, like Christmas lights, etc. He explains that, at the moment, Bitcoin is viewed as an irresponsible use of electricity, when it should be viewed as a responsible use of electricity because of its ability to help grow many rural places economically by providing them with large electricity deals. The trio goes on to discuss how mining is a large revenue stream in Bitcoin, the competition in the mining market and more.
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