And lovely cant couldnt mexico on the beach with the palm trees swaying in the monkeys chattering special guest with us today alex patch off sea. Bit fury theyre rocking it out in the mining space thank you marks remind you finally and tell us about its a company that was very early into big and we heard about it we talked about on kaiser report going all the way back maybe to 2011 or so but tell us a little bit about it sue before it was wrong to be in 2002 well initially it was like everything was just beginning from the whole big suv the people with so many different businesses they realized the beat when existing the start to try mining going and then they decided just to create the company and they were nice cheap and they started building the data centers a 6 you mentioned a 6 what are a 6 chip special custom designed i. C. Cheap one performing on the one single functions. A lot of things youre hearing skills just created its like bigger capable of course just to create the cheap
And industrial is that correct yeah thats correct su the chip was not invented only by bt quietly using them from the seventys but the normally revolution if you feel about the beat going like about the infrastructure its the warmer all the operational expenses and this is a reason why instead of the c. P. U. The speech for g. P. U. Because the working more efficiently and consume less Electrical Energy and then they go to f. P. G. A. And right now all the new cities using a seems ok so theres a bit of an arms race in the technology of big client mining and in china of course you have huge players who not only design chips but they also have a lot of Energy Available to them and they dominate with between 40 or 50 percent of all the mining depending on how you look at it is is that concentration of mining in china is that an accurate description and is that going to continue in the near. Future and is the new coronavirus does that threaten chinese mining in any way to. Its was just lik
Were down in cane cooed on the beach were covering the stories of mexico and having a good time but were doing it. On our i phone. Max kaiser and lovely cant couldnt mexico on the b. H. With the palm trees swaying in the monkeys chattering special guest with us today alex patch off sea. Bit fury theyre rocking it out in the mining space thank you marques remind you finally and tell us about big ferry its a company that was very early into because and we heard about it we talked about on kaiser report going all the way back maybe to 2011 or so but tell us a little bit about it sue before it was wrong to be in 2002 well initially it was like everything was just began from a whole big soon be people will so many different businesses they realize the beat when existing the start to try mining going and then they decided just to create the company and they were nice cheap and they started building the data centers a 6 you mentioned a 6 what are a 6 chip special custom designed i see cheap o
A bit of an arms race in the technology of big client mining and in china of course you have huge players to not only design chips but they also have a lot of Energy Available to them and they dominate with between 40 or 50 percent of all the mining depending on how you look at it is is that concentration of mining and china is not an accurate description and is not going to continue in the near future and is the new coronavirus is that threaten chinese mining in any way to. Is forced chest like the obstacles for china because see if you look equal in the economy grow to be in 2 years we china is most last thing growing economy and then you have the fossil growing to go on i mean its also quite a lot of Electrical Energy the build a lot of the bridges they build a lot of electrical stations you know make their stations and this is a reason why they have resort. Just to like wrong the Mining Operations and in china because they have better composite see right now approximately like one
In the economy grow to be in 2 years we china is most last thing growing economy and then you have the fossil growing to go on i mean its also quite a lot of Electrical Energy the build a lot of the bridges they build a lot of electrical stations you know make their stations and this is a reason why they have resources just to like ron the Mining Operations and in china because they have better composite see right now approximately like ports see maybe 50 percent of the Mining Equipment operating right now but during that time i think these distribution will be changed soon right now people just doesnt really trust for their government because the government doesnt have to be nations about the money the europe doesnt have a very good prices for and it doesnt get an out to boston city because the idea that. The coin is becoming the new gold its becoming gold 2. 0 still hardest money thats ever been weve ever been and ever seen in. Manatee it seems logical that eventually states governme