In the latest episode of the Gathering of the Gigahash podcast, Akiba, Big Dave and their guest Hawk Crypto discuss the current state of the crypto mining industry. They cover a range of topics including the challenges of energy and equipment costs, the benefits of supporting a network and diversification, and the importance of hardware and customer service. Here are some key takeaways from the discussion.
Is mining a dying art?
The podcast begins with a question about whether mining is a dying art. Hawk Crypto replies that it comes in waves and isn’t dead. He explains that new projects are constantly emerging and there are always opportunities to mine. The hosts and guests then discuss some of the current projects being mined, with Flux being a popular choice due to its scalability and services. They also discuss the possible uses of NFTs and how they can securely store important information.
hosting and data centers
The hosts and guests discuss their pricing structure for hosting cryptocurrency mining rigs. Hawk Crypto only charges for electricity consumed and offers discounts for larger orders. They also have a system to help customers who may not be able to pay their bills. The conversation then moves on to their future data center, which will offer a range of services including game server hosting and cloud infrastructure. The hosts will discuss the data center’s power needs, backup plans and the possibility of using solar energy to offset the costs.
mistakes and learning
The group shares their experiences and discusses mistakes new miners often make. They advise new miners to be humble and listen to those who made mistakes as the mining industry is a long-term game. They also emphasize the importance of supporting a network and believing in a project. The hosts then reveal their plans to set up a Bitcoin node and a Lightning node, the latter being a key selling point for customers. They also talk about the security of their facility and the reputation of their partner GPU Risers.
hardware and customer service
The discussion emphasizes the importance of understanding the various coins and scripts available for mining and taking precautions such as: B. Powering all risers to avoid close calls. They emphasize the importance of customer service and the care of customers’ equipment. The hosts suggest they have a full-service data center to help with maintenance and repairs. They charge 14-15 cents for hosting and offer additional services to justify the cost.
Diversification and the future
The podcast concludes with a discussion of diversification to mitigate risk in the crypto mining industry. The hosts and guests address the potential impact of a bear market on mining and the potential for the adoption of blockchain-based infrastructure beyond mining. They highlight the Lightning Network as a revolutionary development that could bring significant changes to how credit card transactions are processed. Hawk Crypto mentions its YouTube channel Hawk Mining Co on Twitter and its current focus on Terrahosting IO, a hosting service that also offers ASIC sales, cloud infrastructure and other related services.
The Lightning Network is highlighted as a revolutionary development that could bring significant changes to how credit card transactions are processed. The guest also mentions his YouTube channel and his current focus on Terrahosting IO, a hosting service offering ASIC sales, cloud infrastructure and other related services.
