In Order To Be Successful, Bitcoin Miners Face A Trilemma Of Variables Today

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This is an opinion editorial by Bob Burnett, the founder and CEO of Barefoot Mining.

It would be fair to say that I entered the world of bitcoin mining through the backdoor. Prior to 2017, I’d had limited exposure to Bitcoin. That changed when I was approached by an acquaintance who needed access to a large volume of Ethereum mining equipment. Since I’d spent the majority of my 30-year career in the personal computer industry, he was hoping I’d be able to leverage my network to get access to the scarce GPUs needed and to design an enterprise-class server to house them. My team and I were able to do this, which was the catalyst for the creation of Barefoot Mining, the company I now run. (Note to all Bitcoiners: We soon shifted our focus to Bitcoin-only and became the U.S. distributor for Bitfury.)

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