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TFTC: A Bitcoin Podcast

#149: Steve Barbour

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 14 April 2020

⏱️ 149 minutes

🧾️ Download transcript

Summary

Join Marty as he sits down with Steve Barbour, founder of Upstream Data, to discuss:

- Steve's experience in the Oil & Gas industry before Bitcoin

- Difference between an electrical and mechanical engineer

- The problem Bitcoin mining solves for the O&G industry

- Difference between building on the grid and off the grid

- Why Bitcoin is so important

- Building a business slowly

- much more

Follow Steve on Twitter

Check out Upstream Data

Shoutout to this week's sponsors.

Cash App. Start #stackingsats today. Use the promo code: "stackingsats" to receive $10 and contribute $10 to OWLS Lacrosse you download the app.

Transcript

Click on a timestamp to play from that location

0:00.0

So, freaks, it's your boy Marty here to introduce this episode of Tales from the Crypt.

0:04.2

I had the immense pleasure of sitting down with Steve Barber, founder of Upstream Data,

0:08.6

and creator of the own mining data center, a little box that can be put on the property of oil and gas producers

0:14.6

so that they can use their excess, otherwise wasted gas to mine Bitcoin.

0:19.1

Make a little bit of money. make a little bit of money,

0:22.1

reduce their flare and their vent, and add to the distribution of hash power throughout the

0:28.3

world. Steve has a very interesting path to how he came to find Bitcoin. He was originally in the

0:33.4

oil and gas industry. Still is, obviously. He was working on separate projects and sort of got tired of one and fell down the

0:44.1

Bitcoin rabbit hole, realized how mining could really help out a large part of this industry,

0:49.8

the oil and gas industry, particularly.

0:51.8

So we dive into his story, the path he's taken, what he's learned in the mining world,

0:57.4

the difference between mining on the grid and mining on these oil fields, the variables that

1:02.4

come into play, specifically on the oil fields, what he's seen up to this point, why he picks

1:09.5

the hardware and the infrastructure, the container builds

1:16.6

that he does. And we get into the importance of Bitcoin, why it's so important that we have a

1:21.6

distributed peer-to-peer digital cash in the modern age. I think you guys are really going to like this episode.

1:28.4

I know I certainly did.

1:29.3

This is the first episode.

1:30.9

I threw back many beers and quite some times.

1:34.0

By the end, it was a little passionate, passionate drunk Marty came out.

1:37.8

Sorry if I started to slur at my words.

1:41.3

That's on me.

...

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