Nic Campesi joined a recent bitcoin mining conference and was able to teach us about the new and exciting developments in the bitcoin mining industry. Here we will tackle why now is the best time to start mining bitcoin.
Time To Plant Trees, So You Can Enjoy the Shade
Investing is the process of buying assets that increase in value over time and provide returns in the form of income payments or capital gains. Many Investors in Bitcoin tend to lay low when the markets are down, but are active when the markets are high. For example, the Bitcoin investors that started when the price of Bitcoin was low were the ones who gained the most benefits.
The Trend of Bitcoin Mining
Bitcoin mining requires a lot of power to mine, but now it’s shifting to utilize excess energy from power sources that are sometimes thrown away or ignored, such as excess electricity from a bio waste facility.
This makes today the best time to start investing in a bitcoin mine, now that bitcoin mining is green and at a low cost.
Utilize Your Excess Energy
Energy prices are incredibly high around the world, and the trend may not be changing anytime soon. If you have a power source or ways to utilize your excess energy, bitcoin mining is the answer, and the best part is everyone can do it.
So, don’t waste a good energy source, utilize it. If you have access to an excess energy source such as a natural gas well or even a hydro dam, don’t waste it. Chat with us today to start turning that excess energy into Bitcoin.
When Bitcoin launched in 2009 the first mining was done by CPUs. Satoshi’s idea of “one CPU – one vote” was very realistic as there were only CPU miners (software) available at the time. Eventually, Bitcoin mining evolved and miners started to discover using other power sources to mine Bitcoin. Today, there is a game theory playing out in real-time. The YPF SA., Argentina’s State-Owned Energy Company moving toward Bitcoin Mining. This recent event is a big move in the bitcoin mining industry. It is predicted in the near future that other states and countries will be adapting to capture waste energy.
Have you ever wondered why Bitcoin miners have flocked to Texas state? It is because of the current “goldilocks” situation for bitcoin mining. One of the reasons why Texas state is a good place for bitcoin mining is; the state’s energy infrastructure allows miners to access cheap power from its deregulated power market. Also, its growing energy source mix from renewables, particularly wind energy, and lastly, because of Texas’s supportive policy and backing by policymakers. Other states are going into bitcoin mining now but, these particular reasons made Texas the bitcoin leader in this present time.
Sustainable power sources like Hydropower Energy, Solar Energy, Wind Energy, and Geothermal Energy, these sources will be available as long as the earth sustains. Efficient use of energy is another advantage of renewable energy as it saves the climate no pollution or harmful gasses are emitted which leads to clean crypto mining without damaging the environment. Bitcoin mining has become green.
So, don’t waste a good energy source, utilize it. If you have access to an excess energy source such as a natural gas, well, or even a hydro plant, don’t waste it. Chat with us today to start turning that excess energy into bitcoin.
Bitcoin is mined using custom-built computing systems or energy sources and miners earn Bitcoin in exchange for validating bitcoin transactions by solving a “hash” on the blockchain. These transactions provide security for the bitcoin network, which compensates miners through payment in bitcoin.
Even if Bitcoin is down today, it is still the best time to mine Bitcoin, to stay ahead of the curve. Nic Campesi, the owner and founder of Liquihash, mentioned that he wouldn’t be surprised if Bitcoin drops further, but if you look at successful Bitcoin miners who were able to build up a formidable amount of hash rate, they’re all doing it at times when it looks the bleakest.
It’s a win-win situation for you especially if you have an excess energy source. You can mine Bitcoin, acting kind of like a call option. But when the price of Bitcoin recovers and the next cycle occurs, your investment could be ten times return on investment (ROI).
Bitcoin halving is when the reward for Bitcoin mining is cut in half. Halving takes place every four years. The halving policy was written into Bitcoin’s mining algorithm to counteract inflation by maintaining scarcity. In theory, the reduction in the pace of Bitcoin issuance means that the price will increase if demand remains the same.
More Bitcoin Mining Facilities are coming to West Texas, simply because it’s the best place in the world to mine Bitcoin. One factor is Energy. Texas leads the nation in natural gas production, holding around 23% of the nation’s natural gas reserves. It is also an excellent place for solar and wind. It is one of the cheapest places to mine Bitcoin and it has a great regulatory environment. Nic Campesi believes that in the future, the only way to mine Bitcoin will be with excess energy and it will happen sooner than later.
It’s estimated that Bitcoin consumes electricity at an annualized rate of 127 terawatt-hours (TWh). Despite so much energy Bitcoin mining consumes, it is safe for miners to use excess energy from a plant to utilize your energy source to power a Bitcoin mine.
DON’T WASTE A GOOD ENERGY SOURCE
If you have access to an excess energy source such as a natural gas well or even a hydro plant, don’t waste it. Chat with Liquihash today to start turning that excess energy into bitcoin.
In the world of Bitcoin, there are two ways to make money: mining and investing. Both of these options take knowledge, skill, and timing to pull-off maximum gains, but only one is likely to achieve long-term success.
For those of you reading this article that are unfamiliar with the world of Bitcoin investing and mining, long story short, mining bitcoin involves a highly specialized computer that processes Bitcoin transactions on the block chain, sometimes referred to as the mining chain, where you are then awarded with fragments of Bitcoin for your computer’s hard work. Investing in Bitcoin is relatable to buying and selling other fiat currencies, but Bitcoin is wildly volatile in comparison.
According to Nic Campesi, founder and owner of Liquihash, bitcoin miners are the ones that are geared for success in the long-run, as it utilizes dollar-cost averaging and can be greatly lucrative when powered by excess energy sources, such as a hydro plant that sometimes produces too much power for the grid and must normally shut off. But in this situation, the hydro plant can stay activated and simply power a bitcoin mine until it becomes profitable to start selling energy to the grid, again.
It’s a simple recipe that allows energy companies to create a second source of revenue and to quit wasting good energy at the same time. Just imagine how much Bitcoin can be mined in a few hours when your bitcoin mine is powered by a hydro plant? Now imagine that opportunity being wasted when the hydro plant simply turns off until it can sell electricity again.
This opportunity is not only for hydro plants, but for any type of excess energy source. Gas wells, wind turbines, solar panels, all can sometimes produce too much power that is normally wasted. Even methane from landfills can be properly utilized to power a bitcoin mine, which also eliminates that harmful compound from damaging the ozone layer. This really is a wonderful opportunity that energy companies should consider.
Liquihash is a company that creates and manages bitcoin mines that are powered by excess energy sources. If you own or run an energy source that sometimes produces too much energy that goes to waste, talk to Liquihash today to start your company’s path to profitability and efficiency.
The best decision is to allow your energy source to power a bitcoin mine that will be awarded with valuable Bitcoin fragments through processing Bitcoin transactions on the block chain (AKA, the mining chain). It makes sense to create a secondary revenue source that also saves good energy from going to waste.
Everyone knows about Bitcoin. It’s taken the world by storm, and it’s used regularly by millions. But is it going to stick around? Is it really a wise, long-term investment?
In this week’s bitcoin mining conversation with Nic Campesi, founder & owner of Liquihash, we discussed the importance and future outlook of Bitcoin. Click the video below to view the entire conversation.
Bitcoin was invented in 2009 and has grown dramatically since that time. Early investors exponentially grew their capital, and even recent investors have some lucrative opportunities ahead. Everyone wishes they invested in Apple in 1980, but there are similar opportunities in our time.
In this week’s conversation with Nic, he revealed that Bitcoin is not just a virtual coin or a valueless liability, but an entire network that processes financial transactions at lightning speeds, that is virtually impossible to hack, due to its advanced blockchain technologies.
In the long run, it appears that Bitcoin is still growing. It’s experienced some highs and lows (many times, in fact), yet it appears that it continues to experience higher highs with each passing cycle. Many implement the classic investing rule of, “buy low, sell high.”
Nic predicts that the future will be kind to Bitcoin, as more and more people start to utilize it for more than an investment, but a currency and even a way to make businesses more profitable, such as utilizing excess energy sources (such as hydro plants that sometimes produce too much power) to run bitcoin mines that essentially add a secondary revenue stream, derived from energy that would normally be wasted.
The future is bright for Bitcoin. It may experience some powerful sways in price, but don’t let that deceive you, it appears to only be growing momentum for the long run.
If you own an energy source that sometimes produces too much power, check out the Liquihash website to learn about strategies to utilize that excess energy to power a bitcoin mine. An additional revenue stream can always be appreciated by business leaders and investors, alike.
Everyone knows about Bitcoin, but do you understand its value? From the blockchain to Bitcoin’s value as a currency, there is a lot to understand. And once you start to fathom its high worth, you might even consider starting a bitcoin mine of your own.
When Bitcoin first started, there were barely any followers, just a hand full of loyalists who bought and held small amounts, sometimes even forgetting they even bought it. These are now the millionaires we see who bought Bitcoin early and never have to work again. Wouldn’t that be nice.
We’ve all heard people say things like, “I wish I bought Apple stock back in the day,” or something else comparable. Of course, it would be nice to own Apple when the company first went public, but at the time, just like any other investment, there was no way to know if you would ever see that money again.
If you’re frustrated that you didn’t buy Apple stock in 1980, I have some good news for you. There are more opportunities just like this, in our day and age. Specifically, I’m talking about Bitcoin.
Bitcoin has been around for a while now, but its full power is not yet realized. Awareness of it is growing, the blockchain is being utilized more thoroughly, and lots of people buy and sell Bitcoin on a regular basis. But have you heard of bitcoin mining?
You probably noticed that I did not capitalize the word, “bitcoin” in the last paragraph. This is because I’m referring to the bitcoin network, not Bitcoin the digital currency. These differences are very important for this article.
Most people probably know about Bitcoin, but don’t understand how it works. Bitcoin is a decentralized digital currency, meaning there isn’t a Bitcoin headquarters somewhere, processing all the transactions. All the transactions are processed through “bitcoin mines,” which are just computers owned by regular people.
When a volunteer’s computer (the bitcoin mine) processes someone else’s Bitcoin transaction, they are awarded with fragments of Bitcoin. Now you know why so many people are interested in mining bitcoin nowadays.
The main problem is that power is very expensive now, which can make mining bitcoin unprofitable. But Liquihash is here with an incredible solution. The key to mining bitcoin profitably is to utilize excess energy sources, such as hydro plants, wind turbines, and even gas wells. These energy sources sometimes produce too much energy for their grids or market and are forced to shut down to avoid wasting energy.
Instead of shutting down, allow the energy source to keep going, and turn on your bitcoin mine. The energy would be wasted, or not collected at all, in this situation, but you can easily use the extra energy to power a bitcoin mine that will be awarded with fragments of Bitcoin for its efforts.
This allows energy sources to open a secondary source of revenue, diversifying its income. What a great solution! The choices are very clear, either turn off your excess energy source and watch good energy go to waste or turn on your bitcoin mine and start collecting revenue. The choice is yours.
If you own an excess energy source and want a bitcoin mine to utilize its excess energy, please contact our company, Liquihash. We specialize in building and managing bitcoin mines that are powered by excess energy sources.
You might still be sad that you didn’t buy Apple stock in 1980, but here’s another great opportunity for you that can be just as great. Visit the Liquihash website for more information.
