Here are some of the top lessons I’ve learned over the past decade on how to scale bitcoin mining operations.
LESSON 1: MINING AT SCALE REQUIRES CAPITAL
LESSON 2: BUILD LONG-TERM RELATIONSHIPS WITHIN THE INDUSTRY
LESSON 3: PRIORITIZE OPERATIONAL EFFICIENCY
LESSON 4: CONTINUAL INNOVATION
LESSON 5: EVALUATE LOCATIONS WISELY
LESSON 6: DOWNTIME = LOST PROFITS
LESSON 7: SCALE CREATES MOMENTUM AND RESILIENCE
LESSONS LEARNED AND IMPLEMENTED
Managing large-scale mining operations takes focus and dedication, and there are going to be many lessons learned as we venture forward in this very new industry. However, the goal is to face challenges head-on, learn from them and be creative in our response in order to build a sustainable and profitable enterprise.