#641 Bitcoin Mining with Mike Colyer

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 24 August 2021

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Colyer is the CEO of Foundry. Previously, Mike led business development at Core Scientific, which grew into North America’s largest cryptocurrency hosting company. In this conversation, we discuss bitcoin mining, market cycles, China mining ban, building a mining pool, North America focus, and the importance of low cost power. ======================= Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle is also a principal developer of USD Coin (USDC), the fastest growing, fully reserved and regulated dollar stablecoin in the world. The free Circle Account and suite of platform API services bridge the gap between traditional payments and crypto for trading, DeFi, and NFT marketplaces. Create seamless, user-friendly, mainstream customer experiences with crypto-native infrastructure under the hood with Circle. Learn more at circle.com ======================= LMAX Digital - the market-leading solution for institutional crypto trading & custodial services - offers clients a regulated, transparent and secure trading environment, together with the deepest pool of crypto liquidity. LMAX Digital is also a primary price discovery venue, streaming real-time market data to the industry’s leading analytics platforms. LMAX Digital - secure, liquid, trusted. Learn more at LMAXdigital.com/pomp

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:07.4	podcast, simply the best podcast out there. Now let's kick this thing off. Mike Collier is the CEO of
0:13.7	Foundry. Previously, Mike led business development at Core Scientific, which grew into North America's
0:18.6	largest cryptocurrency hosting company. In this conversation, we discuss Bitcoin mining, market cycles, the China mining ban,
0:25.9	building a mining pool, North America focus, and the importance of low-cost power.
0:31.0	I really enjoyed this conversation with Mike, and I hope you do as well.
0:34.9	Before we get into this episode, though, I want to quickly talk about our sponsors.
0:38.5	First up is Circle.
0:39.9	There are a global financial technology firm that enables businesses of all sizes to harness the power of stable coins and public blockchains for payments, commerce, and financial applications worldwide.
0:50.0	Circle is also a principal developer of USD Coin, USDC, which is the fastest growing, regulated,
0:55.8	fully reserved dollar stable coin in the world, now standing at more than $15 billion market
1:00.6	cap, and it's adding nearly $300 million of net new digital dollars in circulation every
1:05.4	single week.
1:06.5	The free Circle account and suite of platform API services bridges the gap between traditional
1:11.8	payments and crypto for trading defy and NFT marketplaces. I've had Jeremy Alleyer on the podcast before,
1:17.7	the CEO of Circle. I'm really impressed with what they're building and also the growth that
1:21.8	they're currently experiencing. Go learn more at Circle.com. Again, Circle.com, the fastest growing, regulated, fully reserved
1:30.5	dollar stable coin in the world. Go to circle.com to learn more. Next up are my friends at
1:36.3	Elmax Digital. They're the number one institutional crypto exchange. That's why you probably
1:40.8	never heard of them before. They don't serve retail. They only serve institutions.
1:45.3	Elmax Digital offers clients the deepest pool of crypto liquidity on the planet,
1:49.4	underscored by 100% uptime track record through volatility spikes.
	...

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