Dan Roberts, Co-Founder & Co-CEO of Iris Energy, joins me for an in-depth conversation about Bitcoin Mining. We discuss what it's like running a Bitcoin Mining company, Bitcoin Mining's energy & production costs, how Bitcoin encourages entrepreneurship & the future of Bitcoin mining.Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedloveGUESTDan's Twitter: https://twitter.com/danroberts0101"Iris Energy" Website: https://irisenergy.coPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:Outline00:00:00 “What is Money” Intro00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com00:01:37 Introducing Dan & his story into Bitcoin00:06:48 What led Dan to Bitcoin Mining?00:10:56 What is Bitcoin Mining?00:15:38 Relationship between Bitcoin Price & Cost to Mine?00:19:19 Correlation between Hash Rate & Bitcoin Price00:25:07 Explaining the “51% Attack” & Why Bitcoin Incentivizes Honesty00:36:12 Explaining Bitcoin Energy Consumption00:41:52 Watch "Hard Money with Natalie Brunell" From Swan Studios00:42:37 Take Control of Your Healthcare with CrowdHealth!00:43:36 How Bitcoin brings back Honesty in Energy Prices00:47:50 How is Bitcoin is the “Buyer of Last Resort” for Energy?00:50:00 Discussing Regulated & Unregulated Operating Markets00:55:37 How has China Bitcoin Mining Ban Impacted the Mining Market?01:00:58 Bitcoin Incentivizing Entrepreneurship & other Positive Externalities of Bitcoin Mining01:08:12 Will Bitcoin help Accelerate the Production of Cheaper Power?01:11:30 Explaining how “Iris Energy” is “Leading Mining Efficiency”01:15:38 Discussing the Future of Bitcoin’s Energy Mix01:20:00 What is it like Working in Bitcoin Mining?01:22:27 Where to find Dan’s Work01:23:21 “What is Money” OutroSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22 WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true RECOMMENDED BUSINESSESSwan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanprivate.com/breedloveCrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedloveOkcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at: https://okcoin.com/breedloveInvest with a licensed Bitcoin advisor through DAIM: https://daimio.typeform.com/RobertBreedloveJoin Me At Bitcoin 2023, pre-order your tickets now (for a chance to win 10M sats, use discount code BREEDLOVE): https://b.tc/conference/2023Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/