Chain Of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

Original Show Notes: Bitcoin Mining   Dominic Florczak. He has a B.pharm with distinction from the university of Witwatersrand and an MBA in business administration from Herriot watt university. He’s is currently the managing director of a pharmaceutical company and is in charge of the firms corporate cryptocurrency portfolio. He’s an experienced trader dealing with both stocks and cryptocurrency. Welcome Dominic! Round 3- [2:8] Ok let’s chat about mining today. Loads of people have made a ton of money when they started mining bitcoin. So firstly, what is mining and secondly is it still a thing that people still making money off it? ·       Mining is getting paid to verify transactions ·       Kind of like a jury that works to audit the blockchain ·       Every time it happens you get paid ·       In terms of profitability, there are loads of calculators available, it’s profitable, that’s why people do it ·       New tech called Burst maps the free space on you hard drive & it’s eco friendly ·