It turns out Ian and I are neighbours, so we met over a drink and had a chat about lots of things, including his business and Bitcoin in general. I feel it's a good idea to share my impressions and thoughts, so here they are:
Disclaimer: I have no conflict of interest to declare at this moment, as I do not own any shares yet. However, I am considering an investment.
- Ian looks exactly like the guy from the picture above, minus the sock on his head. Not even a tinfoil hat. Make of it what you will.
- He knows what he is talking about, and he does his homework. Specifically, we discussed in some detail the mining rigs and software, pools, networking, digital commodities, and legal aspects of his operation.
- His operation has a significant competitive advantage in terms of cost of electricity - right now it is absorbed by a huge apartment complex, and even if he decides to start a stand-alone farm, the price in Alberta is presently $0.05-$0.09 per kWh.
Disclaimer: I have no conflict of interest to declare at this moment, as I do not own any shares yet. However, I am considering an investment.