Ep. 48 What is Cloud Mining

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, Investing

4.6 • 821 Ratings

🗓️ 9 November 2017

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

*** this is not financial or legal advice*** Have you ever wondered about cloud mining and if it is worth it? Matthew Aaron goes over the basics of cloud mining and at the end we decide if it is worth it or not. Show Links: CRYPTO101podcast.com Patreon: www.patreon.com/user?u=8429526 Twitter: twitter.com/Crypto101Pod twitter.com/BrycePaul101 twitter.com/PizzaMind www.instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto/ https://www.facebook.com/CRYPTO101Podcast/ **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2019 Boardwalk Flock, LLC All Rights Reserved Music: https://www.youtube.com/watch?v=ip8-zCGuhz4 threat - lettin niggas know https://www.youtube.com/watch?v=SBPpy_SVV_0 Sir Mix A Lot -Posse On Broadway https://www.youtube.com/watch?v=gutHSe4GShA Digital Underground ft. 2Pac - Same Song Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	See ya! See ya!
0:02.0	It's the LA Zoo, we've gone with the flow, that niggas know that it's old.
0:09.0	It's the LA Zoo, we with the flow, that niggas are.
0:14.0	It's the king of the jungle when I can't be tame, take you all the way to the millennium
0:19.0	reigns.
0:20.0	Yo, yo, welcome to Crypto 101.
0:21.6	This is Matthew Aaron.
0:22.6	And you've always thought about getting into mining.
0:25.6	But you have to go buy equipment.
0:27.6	You have to go buy the rig or the GPUs and the ASIC miners, the ant miners, this, that, and the other thing.
0:34.6	Then you have to connect them all together, put them in a place in your house.
0:38.6	You have to figure out the, you know, the programs and software.
0:42.9	And then you start mining.
0:44.0	But does any of us have the time to deal with that?
0:46.5	Does anybody have the space in their house to deal with that?
0:50.3	I mean, mining is loud.
0:52.6	It's hot.
0:53.8	It's expensive.
0:55.5	And the rewards are getting smaller and smaller.
0:58.3	Now, of course, that's depending on what coin you're going to mine.
1:02.1	But it's a risk.
1:04.6	Large investment for a hopeful payoff after so much time.
	...

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