Operating a Bitcoin Mining Business, Bear & Bull Markets | Michael Dustaliyev | Stackin Sats #007

Plamenko is joined by Michael in Houston, TX during Empower 2023 presented by Digital Wildcatters. Michael shares his background into Bitcoin mining, how to scale a mining operation successfully, the highs and lows of bull and bear markets, and the cyclical nature of self-improving.

 

Michael is the Co-Founder and VP of Sales at AsicXchange, a company that specializes in the sale of crypto mining equipment. AsicXchange has an outstanding reputation in the mining industry, having helped many businesses successfully scale their operations.

 

SUPPORT

On-Chain BTC Wallet: 38yjk4PN9fyXyzrz34m2G3Rs8FVaafZYXa

Lightning Wallet Address: ghastlybeast15@walletofsatoshi.com

 

EPISODE LINKS

ASICXchange Website: https://asicxchange.com/

ASICXchange Telegram: https://t.me/AsicXchangeStore

 

PODCAST LINKS

Spotify: https://open.spotify.com/show/0Pi60eXnxVK7Y7olWpmzNo?si=f7e256ad7c584ddb

Apple Podcasts: https://podcasts.apple.com/us/podcast/stackin-sats/id1669828369

RSS: https://feed.podbean.com/stackinsats/feed.xml

Full Episode Playlist: https://youtube.com/playlist?list=PLZVMR1eHq9HsuayGJ2epKxAkxZrFWY2Hg

Episode Clips Playlist: https://youtube.com/playlist?list=PLZVMR1eHq9HsJ5RgwH1bQ0tMopUm5rlpR

 

INQUIRIES

Email: hello@fourspacemining.com

Telegram: https://t.me/plamenko_4space

Nostr: npub13qp4c97ww2u3877xnanmwwrwr5wtuxnu2wc5lca5tjgmqz5d5zyq5eeeqf

TIMESTAMPS

(0:00) - Intro

(2:03) - Judo, Weightlifting and Personal Responsibility

(11:03) - The Virality of Bitcoin

(14:24) - Michael's Background in Bitcoin

(19:45) - Hydro Mining in Canada 2017

(27:59) - Michael Begins 36MW Project

(33:53) - Procuring Large Orders of ASICs

(35:56) - Bitcoin Crash of 2018 and Preparing for Bear Market

(40:07) - Ecosystem of ASIC Sales

(46:12) - Dos And Donts of Purchasing ASICs

(54:28) - What To Do When You Make a Bad Deal

(1:01:50) - Global Ecosystem of Bitcoin Mining

(1:06:20) - Sustainable Models of Bitcoin Mining

(1:10:51) - Failing System of Fiat Currency

(1:17:06) - Outro & Last Words

 

WEBSITE & SOCIAL LINKS

Website: https://fourspacemining.com/

LinkedIn: https://www.linkedin.com/in/plamenkovasic/

Telegram: https://t.me/fourspacemarketplace

Reddit: https://www.reddit.com/user/4SpaceMining/