Steve Schaeffer is MGT’s President on Crypto-Capital Strategies. MGT is one of the top Bitcoin producers in North America with the largest individual Bitcoin mining operation. We may have heard about Bitcoin a lot these days, but what we hardly hear about is Bitcoin mining - how does it work and how is it done?
On this episode, Steve explains MGT’s mining operations and returns. He also explains why the company chose to mine Bitcoins over other cryptocurrencies. He shares MGTI’s strategies in choosing locations, securing bitcoins, and gaining profit. Listen in and learn other ways to invest on cryptocurrencies.
Links:
Ticker (OTC: MGTI)
Discussed:
ILAB 78 - Bitcoin 101, How to Invest In Cryptocurrency
Where we are:
Sam - United States
Johnny - United States
Time Stamps:
03:23 – What is Bitcoin Mining?
12:39 – The Geographic volume of traders
14:22 – Correlation between MGTI stock price and Bitcoin
16:29 – MGTI’s Operation and Returns
19:16 – Mining location
20:41 – What coins are they mining?
23:04 – How many coins do they mine per day?
26:58 – How do they store the Bitcoins?
29:19 – Exchanges through a Broker
31:08 – Major Banks’ play in cryptocurrencies
34:58 – MGTI’s tech infrastructures
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Copyright 2017. All rights reserved. Read our disclaimer here.
Michael Berger of Stonebridge Partners joins this episode to talk about another yet unique means to invest our money in - the Cannabis industry. Cannabis is used in three main forms: marijuana, hashish and hash oil. It is a mood-altering drug that can induce calm and is sometimes used medicinally as a form of pain relief.
Countries still have different opinions with regards to the legality of this plant medicine. But on the investment side of things, Michael explains the business opportunities for Cannabis and how investors could actually profit from this industry.
Links:
To Watch:
CNBC Video showing growth in the industry
Stocks:
Where we are:
Johnny - Los Angeles
Sam - South Carolina
Time Stamps:
10:09 – Growth opportunities for Cannabis
13:36 – Future of the industry
16:52 – Business opportunities
18:18 – Regulation of people involved
21:46 – Stonebridge Partners
22:48 – Investment strategies of Stonebridge
24:23 – Risks and Rewards
25:35 – How Technical 420 started?
28:36 – Sectors with the best growth prospects
30:27 – Regulations for Cannabis
33:05 – Best opportunities for Cannabis
If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!
Copyright 2017. All rights reserved. Read our disclaimer here.
Bitcoin, a digital currency, has been creating hype for thousands of investors around the world. We probably have heard about Bitcoin and other cryptocurrencies circulating around the internet and a lot of people want to understand what it is, how it works, and why they should invest in it.
This episode helps you answer the question – Should you own Bitcoin? Johnny and Sam give their insights on Bitcoin and other cryptocurrencies and why it is considered the future. They recount the growth of Bitcoin over the years. They give tips on where and how to buy them, how much should you invest, and how to keep them safely stored. They also specified the downside of Bitcoin and what to expect when owning one. For those who are interested in buying Bitcoin, listen to this episode and find out if this investment strategy is perfect for you.
Links:
Where we are:
Johnny - United States
Sam - United States
Discussed:
ILAB 38 - Chris Dunn: Bitcoin, Crypto-Currencies, and How to Profit
ILAB 71 – Bitcoin vs. Ethereum, and the future of the Internet – Ivan on Tech
Time Stamps:
04:38 – Should you buy Bitcoin
09:18 – Ripple used by banks
10:24 – What makes Bitcoin popular?
17:20 – The growth of Bitcoin
18:27 – Predictions for Bitcoin
20:27 – Highest trading volume in terms of countries
22:04 – Governmental Risk
26:27 – How much should you invest in Bitcoin?
30:38 – Ether vs. Bitcoin
31:51 – Downside of Bitcoin
40:14 – Where and how to buy Bitcoin?
46:43 – How to safely store your Bitcoin?
52:49 – Plan of Action
If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!
Copyright 2017. All rights reserved. Read our disclaimer here.