Jason Burack of Wall St for Main St interviewed returning visitor, Bitcoin investor, Bitcoin enterprise angel investor, lawyer, accountant and financial scientist, Trace Mayer https://www.tracemayer.net/
Trace hosts the Bitcoin Knowledge podcast bitcoin.kn/” goal=”_blank”>https://www.bitcoin.kn/ and he additionally authored the guide, The Great Credit Contraction instantly after the 2008 monetary disaster.
Trace discovered Bitcoin when it was effectively underneath $1 and he put his cash the place his mouth is and he has been advocating for Bitcoin for 7 years now.
Jason begins off the interview by asking Trace if he thinks if the associated fee to commercially mine Bitcoin (confirm transactions) for a revenue issues?
CEO of RandomCrypto, Josh Metnick, not too long ago got here out with a brand new mining calculator to find out the profitability of mining Bitcoin and utilizing his new algorithms designed to work for the calculator he claims that nobody in retail can mine Bitcoin at a revenue bitcoin-mining-calculator-aims-to-tell-truth-on-profitability/” goal=”_blank”>https://www.coindesk.com/a-new-bitcoin-mining-calculator-aims-to-tell-truth-on-profitability/
In May, Jason Burack interviewed Frank Holmes who’s Chairman of Bitcoin and Ethereum miner, Hive Blockchain Technology. Holmes stated that his firm’s prices to profitably mine Bitcoin had been $6500/coin however the Bitcoin value fell under that price for months.
Other analysis, together with Fundstrat’s Tom Lee in an intensive analysis report from March 2019 claims that business scale Bitcoin mining prices nearer to $8300 per coin bitcoin-mining-now-less-profitable-due-to-falling-btc-prices” goal=”_blank”>https://cointelegraph.com/news/fundstrats-tom-lee-reports-bitcoin-mining-now-less-profitable-due-to-falling-btc-prices
So there’s a variety of manufacturing price estimates since actually December 2019 bitcoin-in-your-state-2019-12-15″ goal=”_blank”>https://www.marketwatch.com/story/in-one-chart-heres-how-much-it-costs-to-mine-bitcoin-in-your-state-2019-12-15 of what it prices to mine Bitcoin commercially for a revenue.
Other analysis article from May 2019 on Bitcoin mining prices: bitcoin/#52375245392c” goal=”_blank”>https://www.forbes.com/websites/francescoppola/2019/05/17/what-determines-the-price-of-bitcoin/#52375245392c
In addition to this attention-grabbing dialogue, Jason additionally asks Trace for updates on the Lightning Network, and the handful of 51% assaults on alt cash together with Bitcoin Gold.
Jason additionally asks Trace if large identify buyers like George Soros and Marc Andressen are accumulating Bitcoin and that is brought about this current Bitcoin rally or if it has extra to do with the current RMB devaluation?
To wrap up the interview, Jason asks Trace if Bitcoin is holding as much as its promise as digital gold and if Bitcoin’s proof of labor is much superior to proof of stake regardless that proof of labor makes use of plenty of electrical energy.
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