For the last part of the Mining Life podcast, CEO Daniel Diaz sits down with host, Jack Hakimian of Global Presence, to discuss cryptocurrency mining and its risks.
Mining Life is a business venture that is bound to end the bridge between the concept of cryptocurrency mining and cryptocurrency investing by providing premium services to their clients. They manufacture, operate, and manage high-quality mining rigs and invest cryptocurrency assets for foreseeable profit. Mining Life is open to any adult who is interested to learn, mine, and invest in cryptocurrencies and has existing assets to invest in building their own mining rig.
What are the risks of cryptocurrency mining? Just like any other investments, there is a lot. Daniel discusses some of them including on a macro level, an independent investor view, and the government regulations.
“Let’s start the macro-level, I mentioned them on the last podcast that there’s an environmental impact on mining. You’re basically creating, when you use mining rigs, little hears. So you have hundred of thousands of heaters producing heat, which is why the articles said that might increase the average temperature of the globe to 2 degrees Celsius. But how do we counteract that? There are technologies that, like I said, absorb the heat in and re-use the energy. So that’s one macro view,” Daniel started.
With cryptocurrency mining relatively a new player on the So we’re in the beginning and there are hardly any regulations. I read crypto news every day and just yesterday, Mongolio, which is kind of an independent business development region kind of like Hong Kong in China, they just make crypto mining illegal. I don’t know what the reasons were. I know China’s trying to control the Bitcoin mining area and they own 65% of the mining rigs and the mining hash power in the world until recently. India is looking to ban crypto, Nigeria is looking to ban crypto so regulations can definitely hurt. There’s a lot of risks there because there have been a lot of scant so there are risk involved market, there are hardly any risks except when they start to impose rules and regulations,” Daniel continued.
But without risks, there are no rewards. “There are risks involved. Nothing is guaranteed especially when it comes to government regulations. But without risks, there are no rewards,” Daniel ended.
Mining Life provides and offers all-in-one solutions to cryptocurrency mining and investment. To know more about their services, visit their website or send an inquiry through their contact form. To connect directly with CEO Daniel Diaz, book an appointment now. Stay updated with Mining Life’s latest offerings by following their social media accounts. Mining Life is situated at 10031 Pines Blvd Suite 236 Pembroke Pines, FL 33024.