56 min listen
BTC163: A Bitcoin HVAC & Hot Water System in the House w/ Michael Schmid (Bitcoin Podcast)
BTC163: A Bitcoin HVAC & Hot Water System in the House w/ Michael Schmid (Bitcoin Podcast)
ratings:
Length:
65 minutes
Released:
Jan 3, 2024
Format:
Podcast episode
Description
In this insightful episode, we dive into the dual role of Bitcoin mining rigs in both generating cryptocurrency and heating water at home. Our guest, a skilled Bitcoin engineer, shares the technical nuances and environmental considerations of his unique setup. The conversation also analyzes the strategic consequences of the Red Sea conflict, discussing its profound effects on international trade, maritime security, and the stability of the US dollar in global finance.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:27 - An analysis of the Red Sea's role in global trade and its geopolitical significance.
01:27 - How the conflict in the Red Sea region affects international maritime trade and shipping routes.
01:27 - Discussion on the influence of the Red Sea conflict on the stability and dominance of the US dollar.
01:27 - Insights into the broader implications of maritime security issues on global trade.
01:27 - Understanding the complex interplay between geopolitical events and their impact on global trade dynamics.
14:54 - How Bitcoin mining can be integrated with domestic heating systems, particularly for water heating.
14:54 - Understanding the environmental considerations and sustainability aspects of using Bitcoin mining rigs.
35:54 - Exploring the potential and challenges of using renewable energy sources for Bitcoin mining.
35:54 - Latest trends and technological advancements in the field of Bitcoin mining.
39:35 - Insights into the technical setup and operation of at-home Bitcoin mining rigs.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Michael Schmid’s Twitter.
Michael’s Website: Nakamoto Heating Solutions.
NEW TO THE SHOW?
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Browse through all our episodes (complete with transcripts) here.
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SPONSORS
Support our free podcast by supporting our sponsors:
River
Glengoyne Whisky
NetSuite
Shopify
Toyota
Babbel
Salesforce
Fundrise
Fidelity
Vacasa
Learn more about your ad choices. Visit megaphone.fm/adchoices
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:27 - An analysis of the Red Sea's role in global trade and its geopolitical significance.
01:27 - How the conflict in the Red Sea region affects international maritime trade and shipping routes.
01:27 - Discussion on the influence of the Red Sea conflict on the stability and dominance of the US dollar.
01:27 - Insights into the broader implications of maritime security issues on global trade.
01:27 - Understanding the complex interplay between geopolitical events and their impact on global trade dynamics.
14:54 - How Bitcoin mining can be integrated with domestic heating systems, particularly for water heating.
14:54 - Understanding the environmental considerations and sustainability aspects of using Bitcoin mining rigs.
35:54 - Exploring the potential and challenges of using renewable energy sources for Bitcoin mining.
35:54 - Latest trends and technological advancements in the field of Bitcoin mining.
39:35 - Insights into the technical setup and operation of at-home Bitcoin mining rigs.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Michael Schmid’s Twitter.
Michael’s Website: Nakamoto Heating Solutions.
NEW TO THE SHOW?
Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.
Check out all the books mentioned and discussed in our podcasts here.
SPONSORS
Support our free podcast by supporting our sponsors:
River
Glengoyne Whisky
NetSuite
Shopify
Toyota
Babbel
Salesforce
Fundrise
Fidelity
Vacasa
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jan 3, 2024
Format:
Podcast episode
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