Risks of Merge Mining (July 14th)

Risks of Merge Mining (July 14th)

Released Friday, 15th July 2022
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Risks of Merge Mining (July 14th)

Risks of Merge Mining (July 14th)

Risks of Merge Mining (July 14th)

Risks of Merge Mining (July 14th)

Friday, 15th July 2022
Good episode? Give it some love!
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Here's a topic you've probably never heard of called merged mining. 

Essentially merged mining is a way to use the compute power that you have, these Bitcoin miners that are hashing away to secure Bitcoin's blockchain. You can, at the same time, use that hashrate to secure other blockchains. That sounds really great on paper, but you can use your resources for multiple things at once. However, it has a fatal. 

If you are securing Bitcoin's blockchain, you are doing so within the regulations of the United States: IRS, SEC, Treasury, CFTC have all clarified their position on Bitcoin in that it is a taxable asset and it is not a security. However, the other projects that you could use merged mining with may or may not be an unregulated security.

 While you are able to use your resources for more than one thing, you are introducing an unnecessary amount of risk for your business.  Therefore in the United States merge mining is absolutely a non-starter from my perspective.  

Hope that was helpful and stay tuned for more.

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