The Economics of Crypto Mining

JohnPaul Baric, CEO of the Mining Store, joins Santiago Velez to discuss crypto mining and its impact on tangential markets. Baric describes how he first learned of Bitcoin while he was still in high school and how he turned his deep interest into a career. He explains in detail the changing economic dynamics of crypto mining, its hardware, and how he’s used his knowledge to capitalize on these changes. Baric touches on Ethereum mining with GPUS and the differences between that and Bitcoin ASIC mining. He ends the discussion explaining what crypto “forks” are and a brief explanation of mining pools. Filmed on October 06, 2020.

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