CryptoNews Podcast

#248: JP Baric, CEO of Miningstore, on Bitcoin Mining and Energy Usage

July 17, 2023 Episode 248
CryptoNews Podcast
#248: JP Baric, CEO of Miningstore, on Bitcoin Mining and Energy Usage
Show Notes

JP Baric is the Founder and CEO of Miningstore, a well-established technology company that designs, builds, and operates large-scale cryptocurrency mining data centers. JP has been mining since Bitcoin was valued at $70/coin and regularly consults with Fortune 1000 companies entering the fast-paced cryptocurrency mining business. MiningStore was launched in 2016 with a focus on reducing friction and increasing financial access to the cryptocurrency mining industry. From a young age, JP has always had a passion for being his own boss. Since starting a robotics camp at only 15 years old, he has created three businesses and has led the development of ten cryptocurrency mining sites.

In this conversation, we discuss:
- Benefits of Bitcoin mining on the rural electric grid
- Energy usage and bitcoins inherent value.
- How to build consistent returns in Bitcoin from 10 years of being in the space
- How to evaluate crypto protocols for longevity and value creation
- Selling energy back to the grid
- Building bitcoin mining rigs
- Transitioning from a debt-based monetary system to an energy-based
- Blackrock into Bitcoin
- Bitcoin halving

Twitter: @miningstore
Instagram: @miningstoreteam

JP Baric
Twitter: @jpbaric
LinkedIn: JP Baric

This episode is brought to you by PrimeXBT.
PrimeXBT offers a robust trading system for both beginners and professional traders that demand highly reliable market data and performance. 

Traders of all experience levels can easily design and customize layouts and widgets to best fit their trading style. PrimeXBT is always offering innovative products and professional trading conditions to all customers.
PrimeXBT is running an exclusive promotion for listeners of the podcast. 

After making your first deposit, 50% of that first deposit will be credited to your account as a bonus that can be used as additional collateral to open positions.
This promotion is available for a month after activation. Click the link below: