Episode #138: The 21st Century 49ers
One of the world’s more recognizable bitcoin miners, David Carlson gained global attention for his multimillion-dollar mining venture MegaBigPower during the bitcoin boom of 2014. It took us awhile, but he is finally on our show to chat in this seemingly ever-expanding market, about launching a new venture called Giga Watt. Giga Watt provides turnkey mining services and custom packages tailored to clients’ needs: full range of mining services from equipment sales, maintenance and repair to private blockchain servicing. The goal is to offer the participants access to both an exciting new world of technology and the cryptocurrency mining business. From the time of the Gold Rush to this day, infrastructure costs consume the lion’s share of potential profits. And cryptocurrency mining is no exception. You can look at it as you’re acting as a power landlord, and people will pay to rent your power infrastructure. In this way, the idea is the latest and perhaps one of the more ambitious attempts to capitalize on the access to capital provided by the ICO mechanism.