The Finances of Bitcoin Mining | Roshun Patel & Brian Wright | Compass Podcast

This is an episode of Compass Live hosted by Compass Mining. In this livestream, Compass explores the financial side of cryptocurrency mining with two leaders in cryptocurrency and mining-focused financial products and services. From lending giant Genesis and public mining company Galaxy Digital, two Vice Presidents are guests on this stream to talk mining finances. Both guests share their views on the current state of leverage in the mining sector, what sorts of education and service opportunities exist in mining, and what miner financial products could look like in the future. 👤 Follow them on Twitter. ✔️ Brian Wright: https://twitter.com/brian_wright21 ✔️ Roshun Patel: https://twitter.com/roshunpatel Follow our hosts on Twitter too! ✔️ Zack Voell: https://twitter.com/zackvoell ✔️ Will Foxley: https://twitter.com/wsfoxley Compass hosts livestreams every week on WEDNESDAY and FRIDAY with the leading experts in cryptocurrency mining. Don't miss them! 🔔 Subscribe: https://www.youtube.com/c/CompassMining?sub_confirmation=1 📲 You can LISTEN to audio versions of all livestreams on 🎧 Apple Podcasts (https://apple.co/3fNfrdi), 🎧 Spotify (https://spoti.fi/3tSf9G1), 🎧 Anchor (https://bit.ly/3rmb7UF), 🎧 RSS (https://bit.ly/3chpULV) or anywhere else you get your podcasts! TIMESTAMPS: 0:35 - Introductions 8:35 - Mining financial products summary 13:35 - Leverage in mining 19:50 - Miners as lenders 24:30 - Mining financial advice 30:30 - Mining companies going public 37:00 - Mining as a proxy investment 40:00 - Miners leaving Asia 44:00 - Financial differences between Asian and North American mining 48:00 - Ethereum’s switch to PoS 54:00 - Mining derivatives -------------------------------------------- 🔎 Learn more about cryptocurrency mining! 💻 Every week, Compass sends a memo to over 14,000 professional miners and investors with the most important news and data in cryptocurrency mining. ✍️ Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD 💰 Mine your own bitcoins with Compass. Start here: https://bit.ly/3CehBf1 ⭐️ Follow Compass socials: Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices