Attakai - How to reduce your heating bill with old bitcoin miners
Ever wondered what happens to old Bitcoin miners? Well, they're not gathering dust, I'll tell you that! We have Jim from" Decouvre Bitcoin" who will blow your mind with his new venture: the Atakai project. This creative initiative repurposes outdated Bitcoin miners into functioning space heaters! A DIY project that not only piques your interest in Bitcoin mining but also provides you warmth on those chilly winter nights.
He eloquently dissects the complex world of Bitcoin mining pools, the role of ASIC miners. Our conversation also takes a turn towards the volatile nature of Bitcoin prices and how this impacts the rewards gleaned from mining.
We explore the link between Bitcoin mining and energy dependency. Jim shares his insights on the dynamics of changing mining pools, the hash rate required to join a mining pool, and the significant role China plays in the production of mining hardware. He even takes us down memory lane as he recalls his personal journey of stumbling upon Bitcoin in 2011 and its value evolution over the years. As we wrap things up, we delve into the various ways you, our dear listeners, can show your appreciation for this podcast by sending SATs over the Lightning Network or contributing in Fiat with a credit card or Apple Pay. Tune in for a riveting conversation that's bound to ignite your interest in Bitcoin mining!
1:45 Attakai, what it is, how it works
24:49 Mining pools, how to set it up, and how much will you make
How easy is it to change your mining pool?
27:28 Only chinese producers? is that a problem?
29:36. Jim's backround, how he discovered bitcoin
39:51. Rapid fire questions
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Bitcoin Mining, ASIC Miners, Mining Pools, Mining Rigs, Mining Hardware, Hash Rate, Energy Dependency, DIY Project, Space Heater, Bitcoin Price, Lightning Network, SATs,