Cryptocurrency Mining 101 with Ross Gemuend: Ep 03

Welcome to another episode of the Blockchain Decrypted podcast! Will is back hosting this week, and covering a topic that anyone interested in cryptos should know more about… cryptocurrency mining. It’s still very possible to mine cryptocurrency and make money with it, but having the proper equipment is a must! Our guest this week, Ross Gemuend had a lot of advice on this.

Ross Gemuend is the owner of CryptoCrane. CryptoCrane is a company that sells ASIC miners. Before that he worked in IT for several years. Ross found his start in cryptocurrency mining when a virus infected one of his client’s computers while working in IT. The virus infected the computer and used it to mine cryptocurrency. This was his “aha” moment. He thought “of all the things this virus could do to make money, it chose to mine cryptocurrency”. Armed with this knowledge he decided to investigate cryptocurrencies further, then started mining himself. Using his hard earned expertise he founded CryptoCrane.

Listen To The Show:

Key Episode Discussion Points:

  • What crypto mining is exactly.
  • Ross’s advice on what you need to start cryptocurrency mining and when to start cryptocurrency mining.
  • Ross’s crucial tips for entrepreneurs as the founder of a successful ASIC company.
  • Predictions on where the cryptocurrency market in general is going and why.
  • Lessons from Will’s triumphs and failures in the world of high stakes cryptocurrency investing.
  • In addition to many others!

Featured on the Show

Guest Feature: CryptoCrane

Founded in 2014, Cryptocrane sells bitcoin mining equipment and has succeeded due to speed and superior customer service. In their own words:

“CryptoCrane is a Michigan-based reseller/distributor of cryptocurrency mining hardware. We are a small team, but we’re committed to providing the absolute best in regards to honesty, support, and service. We started mining ourselves in mid 2013 and are ‘true believers’ in the promise of cryptocurrencies. Over the following months, we acquired more and more mining hardware until the point that we had the windows open in our house throughout the winter just to dissipate the heat! Eventually, spring came and we decided to sell most of our used gear on eBay. It didn’t take long to realize that there is a real lack of support for miners out there and we were able to thrive where others had been failing. Our customer base kept growing and asking for more hardware, so we decided to contact a few mining device manufacturers directly and start selling the mining gear we personally believed to be the best.”

About the Author Scott Hawksworth

Scott Hawksworth is the co-founder of Blockchain Decrypted. He's also the producer of the Blockchain Decrypted podcast. When he's not picking Will's brain about the world of blockchain technology, he enjoys watching football and relaxing at home with his wife and three cats.