I want to hear BCHN make their best case. I am having a hard time believing or trusting such a newly devised development team (less than 6 months old, disregarding individual history of each member as loyalties can change through concerted bribes as we saw when Andreas Antonopoulos and a whole bunch of other old-timer Bitcoiners sold out collectively around the time of Blockstream formation). To a certain extent, time in the game is skin in the game so I want to hear them out, preferably if they don't attack people for asking honest questions. (I will try not to comment further here. I am a liar.) submitted by
My name is Richie Lai, I am the co-founder of Bittrex, one of the longest running cryptocurrency exchanges on earth.
Today I’m joined by a few colleagues and friends to answer your questions about the Bitcoin halving. With the spike in interest in Bitcoin because of the economy, the COVID-19 pandemic, and the halving around the corner, we thought this would be an interesting discussion.
I’ve been involved with Bitcoin since the very early days; mining in 2011, our first bitcoin business in 2012, and finally Bittrex in 2013. Our business now has millions of users and the Bitcoin Halving aka “The Halvening” has been top of mind for everyone recently. As the Halvening approaches, we are working 24/7 to support the increased demand—so ask us anything about the Bitcoin Halving!
By the way, in celebration of the Bitcoin Halvening we are also hosting a reddit giveaway of half of a Bitcoin for someone in the USA, and another half of a Bitcoin for someone outside the USA. Contest details will be shared on Bitcoin
Joining us today on IAmA
Richie Lai Co-Founder of Bittrex and lover of Bitcoin
Prior to Bittrex I was at Amazon, Qualys, and Microsoft. I’m a long-time believer in Bitcoin, and avid sports junkie. You might also find me at a stadium in Seattle watching the Seahawks, the Sounders, the new hockey team, or hopefully a basketball team one day.
Find me on reddit @richiela, and on Twitter @richiela.
Tom Albright CEO Bittrex Global
I’m the chief executive officer and a director of Bittrex Global. We’re an exchange based in Vaduz, Liechtenstein in the heart of crypto valley that utilizes the Bittrex technology platform. Prior to becoming CEO in February 2020, I was general counsel of Bittrex, Inc. I’m at Bittrex Global because I’m passionate about Bitcoin and crypto and how they will change the world.
You can find me on reddit @tomalbrightBG, Twitter @_tom_albright and on LinkedIn.
Stephen Stonberg CFO ＆ COO Bittrex Global
I am the CFO and COO for Bittrex Global, based in Vaduz, Liechtenstein. I have 20 years in the Traditional Finance and Asset Management industry. Prior to Bittrex Global, I was with Binance doing business development in their global operations. Prior to Binance, I was in the Investment Management Division at Goldman Sachs, a Managing Director at Credit Suisse, J.P. Morgan and Deutsche Bank, and a Partner at Brevan Howard and Winton Capital.
You can find me on reddit @StephenStonberg, Twitter @StephenStonberg, and LinkedIn.
Rahul Sood creator of Microsoft Ventures, co-founder of Unikrn
I am the co-founder of the Esports Entertainment platform Unikrn and a long-time tech entrepreneur.
Unikrn was founded in 2013, and we are backed by Mark Cuban, Ashton Kutcher, Shari Redstone, Liz Murdoch, and many others. I’m here because I love Bitcoin, and my business foundationally uses blockchain technology and we accept multiple cryptocurrencies including Bitcoin. We’re currently experiencing a significant spike in new users due to COVID-19—things are pretty nuts considering traditional sports are on pause and esports are . Besides esports, I’m also a massive Seahawks fan.
You can find me on reddit at @voodooftw, Twitter @rahulsood and on LinkedIn.
Instead, dedicated Bitcoin miners have to create “mining rigs” devoted specifically to Bitcoin mining. Each mining rig is the result of basic cost-benefit analysis. Mining Bitcoin can be lucrative, but it requires up-front investment in robust computer-processing hardware and is not easy. Gone are the days when you could use an old computer. ... Tom's Guide ... FILE PHOTO: An employee works on Bitcoin mining computer as a PC screen shows the fluctuations in Bitcoin exchange rates at Bitminer Factory in Florence, Italy, April 6, 2018. India is now the third main hub for cryptocurrency mining on the planet. America, China, and Australia are the other countries where mining of Bitcoins happens. Bitcoin Mining. There are lots of information sites, which are helping miners make money through their own efforts. You may opt to work as a fulltime miner or even just a part-time miner. Tom Lee of Fundstrat Global Advisors believes that the fair value of Bitcoin is around $14,000. The research chief and managing partner at Fundstrat also says that the old Bitcoin whales are back and have begun to buy back massively due to a shift towards positive market sentiments.
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