BCB060_WHIT GIBBS: Weathering BTC Bear Markets & The Decentralization of Mining

2022-06-15

This week Josh & Dan speak with Whit Gibbs, founder and CEO of Compass Mining, about Bitcoin bear markets as well as all things BTC mining. This episode covers topics including: Weathering the current bear market Altcoin implosions Diversifying your BTC holdings with mining exposure ROI on Bitcoin mining, including home mining The state of ASIC manufacturing Jumping over fires while drunk and eating c...

This week Josh & Dan speak with Whit Gibbs, founder and CEO of Compass Mining, about Bitcoin bear markets as well as all things BTC mining.

This episode covers topics including:

Weathering the current bear market
Altcoin implosions
Diversifying your BTC holdings with mining exposure
ROI on Bitcoin mining, including home mining
The state of ASIC manufacturing
Jumping over fires while drunk and eating cheese

SHOW SPONSORS:

**LEDN** - A Bitcoin forward financial services company that has chosen to mirror and embrace the transparency, accountability, and auditability of Bitcoin itself by undergoing Proof of Reserves. Use Bitcoin as collateral and access dollar loans with Ledn Bitcoin backed loans. Harness your Bitcoin holdings to buy a new property or finance the home you already own with the upcoming Ledn Bitcoin Mortgage Product. Save Bitcoin and USDC and have access to Ledn's Dollar Loans and trading service. You can look into Ledn’s well architected menu of services at Ledn.io (All products and services subject to availability & jurisdiction.)

RECEIVE $10 USDC by signing up and funding using the following link: http://start.ledn.io/bluecollarbitcoin

**COINKITE** - Makers or the best Bitcoin security hardware in the world. Use PROMO CODE "BCB" for 5% off ColdCard Mk3 purchases at coinkite.com. Coinkite is the producer of the iconic ColdCard. ColdCard is widely regarded as the MOST secure signing device in existence, and can be used by beginners all the way up to the most advanced users (The 2 of us have relied on this device for years.) If you wanna get frisky, check out the BlockClock Mini, this beauty sits on a bookshelf or hangs on the wall and displays any metric about Bitcoin you can think of. BlockClock Mini is a lust worthy addition to any Bitcoiners home. Other Coinkite products include the OPENDIME, the SATSCARD, the TAPSIGNER, the SEEDPLATE, COLDPOWER and sweet hats. All available at coinkite.com.

ColdCard Guides (ultra quick - intermediate - advanced)

SUPPORT THE BCB PODCAST:

⇨TIPS: strike.me/bcb (tips also open on Twitter)

⇨PODCAST 2.0 STREAMING: You can stream us fractions of a cent via Bitcoin sats on the Lightning Network! We are live on Podcast 2.0 apps & wallets. BREEZ Wallet is a great way to get started→HERE is an easy tutorial that demonstrates exactly how to do it.

ABOUT WHIT GIBBS AND COMPASS MINING

Whit Gibbs is the co-founder and CEO of Compass Mining. Compass is truly fascinating and innovative company, and one of their main focuses is on enabling everyday investors to harness the benefits of industrial scale Bitcoin mining. In so doing, they look to help bolster and decentralize the mining landscape.

ITEMS MENTIONED IN THE SHOW: