#19: JP Baric - Bitcoin Mining Explained

Today's episode is with JP Baric, the founder and CEO of the Mining Store, (https://miningstore.com), a tech company that designs, builds and operates large scale Bitcoin mining data centres. He also bought bitcoin when it was $70 in 2013... We got into the Byzantine General's problem, mining in special economic zones, and even touched on JP's appearance on The Dr Phil Show - indeed. Timestamps: 01:30 – JP’s introduction to Bitcoin 05:52 – Proof of work v proof of stake 09:34 – Why Bitcoin and not crypto 13:54 – The Mining Store services 23:40 – Bitcoin mining first principles 30:30 – Bitcoin mining and infrastructure 39:05 – Hashrate and price 50:20 – Bitcoin philosophy You can find JP on LinkedIn and at the time of recording, his Twitter (or X) account has been hacked and is unavailable! To learn more about The Mining Store, visit https://miningstore.com. Edited by Sean Lowe.