Tune into today’s episode of the CryptoTenX Podcast and get the scoop on mining from a fellow crypto student and podcaster, Mark! Mark is co-host of the Amigos PC Podcast for three-years-running, using the innovative and unique interests of him and his business partner to create a podcast unlike any other involving comedy, cinema, and crypto. Join the discussion lead by our hosts, Noble Drakoln and Barnaby Andersun, and learn more about the huge future of Raven Coin, how to properly enter the mining game with adequate assets (Hint: you don’t have to have a lot of money to get involved), and get Mark’s informed opinion on other coins such as Litecoin and Dogecoin.
3 Key Takeaways
- Why Raven Coin is the next mining hot spot
- How mining is different from what most users think it is
- How Mark combined comedy, cinema, and crypto into one podcast
Listen to the Full Episode
Show Notes
[3:18] Mark talks about his podcast preparation?
[3:52] Mark shares how he was inspired to do a show about comedy and crypto
- It started with two buddies having fun?
- “We’re really diving into our own niche of comedy, cinema, and crypto. No other podcast has combined all three together.” -Mark Anderson
- Areas that they laser focus on?
- The guests are very specific
- Mark’s goal was to ask how they could learn everything faster
- Starting with just comedy, then transitioning to cinema, and ending with crypto
[8:30] Mark’s background that got him into crypto
- Destroying his laptop in the early days after purchasing bitcoin
- Buying Dogecoin in 2020 before Elon
[10:44] Making the huge transition with his co-host by gravitating toward GT mining
- Mining Ethereum
- Starting his own mine and making connections with other people
- Finding local distributors to create specialized mining machines
[13:15] Getting into Dogecoin mining
- Can you still do it the way Mark did it?
- Right now, you need specialized machines (Asic Miners)
- Getting into the starting point for these machines is unachievable unless you have a lot of capital
- Has it been worth it to be in TenX?
- Yes, if you have a vision!
[15:50] What is the return and timing?
- Putting in $40,000 with a set ROI of 240 days
- Passing the marker and making additional return
- Hosting people additionally and charging by a kilowatt hour
- “When we buy products, we make sure that the price that day can project us at or under 200 days.” -Mark Anderson
- Right now, they’re at an average of 160 days
[19:35] Would Mark recommend investing in mining?
- Mark is open to answering your questions!
- Do your research!
- “It is work. People think they can just plug in their computer and mine something, but that’s not what it is.” -Mark Anderson
- “If it is something that you thoroughly enjoy, it’s a unique way of investing in the crypto space without having to leverage a lot of money” -Mark Anderson
[21:12] Do they talk about their winning formula on their podcast?
- The entry point is typically key
- The mining allows for excitement during the dips in the market
- Getting far in a short period of time
[25:40] Mining Ethereum: what’s it like?
- It can be very profitable, depending on the unit you’re using
- Getting into big rigs will change that
- “Right now, we’re at about half gigahash of Ethereum, which is about $34 a day.” -Mark Anderson
- “We took the approach that the mining that we were going to do was going to pay for our growth.” -Mark?Anderson
- Ethereum’s MO
- What could happen with their difficulty bomb
[29:12] What’s next for Mark’s team horizon?
- Starting to mind Raven Coin
- People allocating Raven Coin as an asset attached to real estate
- What Raven Coin can do that bitcoin cannot
- The entry point in doing asset creation is very minimal
- The wallet make ease of use for assigning assets
[35:00] Mark gives an example of putting your company on the SMP 500?
- Raven Coin bypasses all of the stocks and registering your company
- “This will be the big leap for security tokens.” -Noble Drakoln
[36:15] People are already starting to dive onto bitcoin
- Miners are looking for the next return and that return is Raven Coin
- Is it profitable to be involved in Ethereum before people start coming to Raven Coin
- Choosing to go with an older card because cost of entry was $600
- It’s not as profitable as they like it to be
- Completely hoddling the power that’s coming off of it
- Watch out for a having on bitcoin; price fluctuation follows
Resources
**Reach out; they love community!
Associate of Science - AS at Touro College
3 年?? ?? ?? ?? ?? ??