Ep 32 — Bitcoin Mining Economics with Nick Hansen
Episode publishedPodcast: Decentralised.coDecentralised.co
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Welcome to the Deco podcast, where we bring you stories from founders and investors in Web three. Before we get started, this is not a financial or legal advice. It's just a conversation about things we find interesting in Web three. Views expressed are our own personal opinions. Deco members or guests appearing on the show may have positions on assets they talk about. Alright. Today, we have Nick Hansen, the CEO of Luxor Tech or Luxor Mining. Welcome to the show, Nick. Yeah.
Thank you. Thank you for having me. Looking forward to chatting about several topics today. Lots of interesting things going on in the Bitcoin mining world, and, think you've got a good list of topics for us to cover here. So looking forward to it. Alright.
Before we jump into all of that, I have a couple of questions. One is, what coffee is that? And
yeah. So my wife got me an espresso maker. This is actually, a long ago, and it's great. It's early here. So trying to be flexible and, yeah, getting a couple coffees in this morning. I don't know the type. I think it's just regular. I don't know the brand of coffee. But, yeah, I'm not a coffee snob. It's just it does its job for me.
Alright. Because Joel and I are sort of coffee snobs and Okay. We have an office in Dubai where Joel has, like, stashes of coffee. And last time I went there, he made a nice v 60 pour over for us, which was incredible. Okay. So
yeah. Nothing that fancy. This is an automatic espresso maker. It does grind the beans and everything, but there's no science to it. Like, some of those guys, they really get into the coffee.
Alright. Shout out to Web three Lord for setting this up. Thank you so much, man. I'd he's been a friend of Deepos since a long time and appreciate all the help. He sent me a picture of yours. I think it was a profile picture where there was a bike, a two wheeler, and your name on it and number 600. So are you into racing or anything or something?
I'll, so that is actually the front number plate of my dirt bike that used to be my dirt bike. When I was younger, you know, I started riding dirt bikes when I was, like, 10 or 11 and was really into it. Like, me and my family, we would travel all over The United States and race and actually, it was quite good. There was actually an inflection point in my life. I was actually probably gonna try to race dirt bikes as a career, and that would be my job instead of what I'm doing now. But then, of course, I crashed and, tore my ACL, which is the ligament in your knee. And then, yeah, pretty much a
Okay. From there to Bitcoin mining, how did that journey pan out?
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