How to Invest in Crypto Miners | Ep.76
We meet Youwei Yang, Chief Economist at Bitcoin Mining [NYSE:BTCM] and discuss the cryptocurrency mining industry, how BIT Mining faces the challenge of reducing their carbon footprint, and why financial institutions are increasingly interested in crypto.\n\nGet our free newsletter on market movers at www.thearmchairtrader.com and find out more about Sprout at viasprout.com\n\n00:00 Intro to BIT Mining\n01:06 The company's services\n02:10 Is crypto mining as profitable as it used to be?\n03:01 What is a mining pool?\n04:20 How important an asset is BTC.com?\n05:37 Data centres\n07:16 Hosting miners for other companies\n08:35 Energy usage and BIT Mining's power mix\n10:41 Acquisition of Bee Computing\n14:03 Dogecoin becoming more serious\n15:42 The effect of Litecoin halving\n18:02 Varying computing power according to crypto prices\n21:23 The BIT Mining share price\n22:56 Why buy shares in a crypto miner?