Investing in Crypto Miners with BIT Mining | Ep.76

We meet Youwei Yang, Chief Economist at Bitcoin Mining [NYSE:BTCM] and discuss the cryptocurrency mining industry, how BIT Mining faces the challenge of reducing their carbon footprint, and why financial institutions are increasingly interested in crypto. Get our free newsletter on market movers at www.thearmchairtrader.com and find out more about Sprout at viasprout.com 00:00 Intro to BIT Mining 01:06 The company's services 02:10 Is crypto mining as profitable as it used to be? 03:01 What is a mining pool? 04:20 How important an asset is BTC.com? 05:37 Data centres 07:16 Hosting miners for other companies 08:35 Energy usage and BIT Mining's power mix 10:41 Acquisition of Bee Computing 14:03 Dogecoin becoming more serious 15:42 The effect of Litecoin halving 18:02 Varying computing power according to crypto prices 21:23 The BIT Mining share price 22:56 Why buy shares in a crypto miner?