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E181: A Crypto Green Thumb? Environmentally Conscious Bitcoin Mining w/ William Szamosszegi!
Manage episode 355809678 series 2530914
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William Szamosszegi is the CEO and founder of Sazmining, a project that works with renewable energy hosting facilities in an attempt to provide sustainable powered mining rigs that can be used by individual investors interested in Bitcoin mining. For those concerned about the energy wastefulness and potential environmental harm presented by Bitcoin mining rigs, Sazmining pools money from customers together and places a bulk order on discounted mining rigs along with renewable energy contracts.
William discusses what inspired his work in this area and the logistics of carrying it out. He also states why he views Bitcoin as fundamentally different from the rest of the crypto space, reasons why everyday investors might be interested in mining Bitcoin, whether Bitcoin mining poses viable returns to investors in the long term, views about how Bitcoin mining should be as simple as signing up for a Netflix subscription, business aspects learned after a prior business venture with a social media app, and offers his thoughts on possible technological advances with Artificial Intelligence (AI) in the ChatGPT world. Come for the Bitcoin mining talk, stay for the discussion on playing tennis against a Robot John McEnroe in yet another free-flowing and organic discussion involving technology that is listener-friendly by not being overly complicated!
To learn more about Sazmining, go to https://www.sazmining.com/
Timestamp of discussion
[00:14:20] Smart regulations can help be transparent with customers and track transactions for trust.
[00:16:30] Bitcoin provides hope to people who fear their money will be devalued or stolen and can be sent quickly and safely with low fees.
[00:23:50] Building a business, learning lessons from prior business ventures, realizing blockchain technology can make a large impact, assessing accomplishments and failures as lessons.
[00:26:59] Making tough decisions, accepting mistakes, working hard, value in choosing something you love.
[00:29:38] Interest in building things since childhood; technological innovations replace manual labor; Internet & AI provide exponential efficiencies; paradigm shift in how humans interact with technology.
[00:32:32] Technology replacing jobs leading to increased unemployment due to potential complexity of new jobs.
[00:37:59] Building a successful business requires finding the best people, filling skill gaps, and passion.
[00:42:14] Competitive & passionate attitude can be an asset in business, similar to that of athletics.
[00:51:43] Company goes through changes in skills needed to reach goals. Mission is to improve humanity's relation to energy and money through Bitcoin mining.
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William discusses what inspired his work in this area and the logistics of carrying it out. He also states why he views Bitcoin as fundamentally different from the rest of the crypto space, reasons why everyday investors might be interested in mining Bitcoin, whether Bitcoin mining poses viable returns to investors in the long term, views about how Bitcoin mining should be as simple as signing up for a Netflix subscription, business aspects learned after a prior business venture with a social media app, and offers his thoughts on possible technological advances with Artificial Intelligence (AI) in the ChatGPT world. Come for the Bitcoin mining talk, stay for the discussion on playing tennis against a Robot John McEnroe in yet another free-flowing and organic discussion involving technology that is listener-friendly by not being overly complicated!
To learn more about Sazmining, go to https://www.sazmining.com/
Timestamp of discussion
[00:14:20] Smart regulations can help be transparent with customers and track transactions for trust.
[00:16:30] Bitcoin provides hope to people who fear their money will be devalued or stolen and can be sent quickly and safely with low fees.
[00:23:50] Building a business, learning lessons from prior business ventures, realizing blockchain technology can make a large impact, assessing accomplishments and failures as lessons.
[00:26:59] Making tough decisions, accepting mistakes, working hard, value in choosing something you love.
[00:29:38] Interest in building things since childhood; technological innovations replace manual labor; Internet & AI provide exponential efficiencies; paradigm shift in how humans interact with technology.
[00:32:32] Technology replacing jobs leading to increased unemployment due to potential complexity of new jobs.
[00:37:59] Building a successful business requires finding the best people, filling skill gaps, and passion.
[00:42:14] Competitive & passionate attitude can be an asset in business, similar to that of athletics.
[00:51:43] Company goes through changes in skills needed to reach goals. Mission is to improve humanity's relation to energy and money through Bitcoin mining.
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