We Dive Into 🔹 Starting small and scaling smart in mining 🔹 Geographic strategy: US stability + South American seasonality 🔹 Selling BTC at highs to cover ops and build flexibility 🔹 Why uptime beats the cheapest power 🔹 Cooling tech as the next mining frontier 🔹 Market timing: buy gear in the bear 🔹 When old ASICs make more sense than new ones 🔹 Infrastructure delays and how to plan for them 🔹 Knowing when to cut losses with operators 🔹 Hash power markets and tokenized mining exposure 🔹 Buying used miners already hashing to lower risk 🎙 Guest: Nico Smid Subscribe to Nico's Newsletter: https://digitalminingsolutions.tech/ Nico's X: https://x.com/Smidnico 00:00 Introduction 01:06 Discovering Bitcoin 05:06 Building Digital Mining Solutions 07:17 Advice for New Miners 10:10 Learning by Doing 13:05 Timing the Market 16:03 Advances in Mining Equipment Efficiency 18:30 Global Mining Efficiency 21:52 Mining Strategies for North vs. South America 23:55 Low-Cost Power Locations 26:19 Deployment Delays and Lessons Learned 32:56 Timing and Cash Flow 40:43 Mining as a Counter-Cyclical Industry 44:41 Balancing Mining and Selling Strategies for Cash Flow 50:20 Choosing the Right Partner for Passive Mining Success 56:19 Hash Power Services and Scaling 58:40 Potential Market for Older ASIC Models 1:00:19 Infrastructure as a Bottleneck in Bitcoin Mining 1:03:51 Importance of Reliable Hosting and Avoiding Delays 1:08:00 Passion for Bitcoin Mining and Learning About Energy 1:13:36 Final Advice: Just Get Started with Mining 1:14:06 Where to Follow Nico Smid and Digital Mining Solutions Disclaimer: The information shared in this episode is for informational and entertainment purposes only. Nothing discussed should be considered financial, legal, or tax advice. Always do your own research and consult with a qualified professional before making any investment or financial decisions Learn more: https://abundantmines.com/ Follow us on X/Twitter: https://x.com/AbundantMines Follow us on Instagram: https://www.instagram.com/abundantmines/ Follow us on YouTube: https://www.youtube.com/@AbundantMines Follow us on LinkedIn: https://www.linkedin.com/company/abundant-mines/
