Live from the CryptoCloaks Shop with Rob and Rick | Value Stack 44

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Show Description

Here’s a 2-hour conversation on life and surviving bear markets as a bitcoiner. Rob and Rick have both been on the show before and for this one we were LIVE in the CryptoCloaks print shop. We talk about mining, the insane math behind hashing SHA256 , cycles of equipment upgrading and how to deal with heat from mining and equipment, and a whole lot of messing around.


  • 00:00 Intro – without an introduction
  • 5:30 Computers are hot
  • 9:00 On starting a small business with bitcoin
  • 11:15 How to repurpose heat from bitcoin mining
  • 15:45 Mining downtime and ASIC repair
  • 18:00 Why’s there so much performance variation across ASICs?
  • 23:25 Bitcoin mining is a brutal business
  • 26:55 Rob’s poetic ode to the beauty of hashing
  • 30:35 How does the bitcoin difficulty adjustment work?
  • 32:30 On exponential growth and really big numbers
  • 35:45 Rob’s alan watts interpretation
  • 36:35 Why is Rick still operating in his basement?
  • 40:00 Rick explains the CryptoCloaks printing operation
  • 43:20 Rob teaches about how mega bitcoin miners make money with electricity
  • 53:30 On achieving and goal-setting
  • 56:30 On risk-taking and running a business
  • 1:02:15 On becoming more family-oriented because of bitcoin
  • 1:10:05 Is bitcoin a faith-based community?
  • 1:12:55 On grokking bitcoin and it going mainstream
  • 1:20:00 Talking about cycles of life and the fourth turning
  • 1:26:45 On loving “the process”, cycles of life, kids, and hashing
  • 1:30:00 How mining pools changed bitcoin mining forever
  • 1:34:45 When will the general population adopt bitcoin?
  • 1:37:00 Why we stopped talking about bitcoin during the holidays
  • 1:45:35 On mentally HODLing through bitcoin bear markets
  • 1:54:00 Generations of bitcoiners
  • 1:58:08 How will a bitcoin ETF change the market environment?
  • 2:00:30 Are we screwed when baby boomers leave the workforce?
  • 2:03:45 Bitcoin adoption in developing countries
  • 2:05:30 Outro – words of wisdom from Rick & Rob