58:07

CryptoCRYPTOVERSE

Bitcoin & The Economics of Mining

Featuring Marco Krohn, Marco Streng, and Moritz Seibert

Nov 17, 2020 • 58 minutes

141

7

Crypto

CRYPTOVERSE

Bitcoin & The Economics of Mining

Marco Krohn and Marco Streng join Moritz Seibert to discuss Bitcoin, Bitcoin mining, and the changing dynamics of mining.

Featuring Marco Krohn, Marco Streng, and Moritz Seibert

Nov 17, 2020 • 58 minutes

Marco Krohn, CEO and co-founder of Genesis Group, and Marco Streng, founder of Genesis group, join Moritz Seibert, co-founder at Twoquants.com & CEO/CIO at Munich RE Investment Partners, to discuss Bitcoin, Bitcoin mining, and the changing dynamics of mining. Krohn explains how they first got into Bitcoin and how they turned their interest in crypto into Genesis Mining. He explains the electricity price game that miners need to take into account when mining crypto and the impact this has on the economics of mining. Streng touches on the importance of location for energy costs when mining and the extreme competitiveness of the industry over the past several years. They explain what Bitcoin is to them and some potential risks for the industry. Filmed on November 11, 2020. Key Learnings: Bitcoin is secured by miners that receive a reward for their work, and this episode explains the dynamic nature of Bitcoin mining and covers a bit about the economics at play. If you wish to understand at a high level how Bitcoin mining operations work and why the constantly changing dynamic keeps the mining sector extremely competitive, this is an excellent video for you. Show More

In the fast-moving world of cryptocurrency, Real Vision CRYPTOVERSE works at an accelerated pace to keep you ahead of market swings and ever-evolving innovations. Crypto's smartest minds sit down for in-depth discussions covering everything from the blockchain and DeFi to NFTs, Web 3.0., the Metaverse, and what's still beyond the visible horizon.

More Episodes

In the fast-moving world of cryptocurrency, Real Vision CRYPTOVERSE works at an accelerated pace to keep you ahead of market swings and ever-evolving innovations. Crypto's smartest minds sit down for in-depth discussions covering everything from the blockchain and DeFi to NFTs, Web 3.0., the Metaverse, and what's still beyond the visible horizon.

More Episodes

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