Hooked On Startups

In this episode I chat with Nicholas Amato, Founder and CEO of 803Mine. We have a really in-depth discussion on: What Bitcoin and cryptocurrency mining is Why Bitcoin is valued the way it is We put some numbers to the exponentially increasing scale of computing power needed in this industry We discuss how mining is monetized and the scope of the industry’s growth  1:18 - Introducing Nicholas and his company, the 803 Mine Project. 2:09 - What bitcoin and cryptocurrency mining actually is. 4:27 - The value and importance of a crypto mining company and how mining relates to the block chain. 7:48 - How large the scale of required computing power is now and how it has grown. 9:54 - Nicholas’s career background and how that has influenced his current work. 11:29 - Speculation versus likely use cases for the value of bitcoin; how 803 Mine is looking to aid US national security. 16:13 - Putting numbers to the exponentially increasing scale of computing power needed in this industry; how mining is monetized and the sc