Henry Robinson and Roshan Shah of Decimal digital currency is at the forefront of the race for a more sustainable cryptocurrency mining, infrastructure and technology. They recently launched new Bitcoin mining operations at the sprawling Wolf Hollow data center in Granbury, Texas. Owned by Generate Capital, a leading sustainable infrastructure investment and operating platform, the enormous 300 megawatt data center is currently managed by US Bitcoin Corp., which recently announced a merger with public miner Hut 8. In this interview with TechBullion, the team will give us an overview of the Bitcoin mining operations and an insight into the future of money.
Please tell us more about you and your roles at Decimal Digital Currency?
Hi, I’m Roshan Shah, I lead Decimal and focus on joint ventures, expanding our website portfolio, building industry partnerships, fundraising and corporate strategy.
Henry is our crypto expert, focusing on all aspects of risk management, capitalizing on emerging trends and the accumulation of industry best practices within Decimal.
What is Decimal’s primary focus as a crypto mining, infrastructure and technology company and how do you use renewable power in crypto mining operations?
Henry Robinson: Our primary focus – and this should be true for all minerss – is margin protection. Our kits are some of the most efficient available, meaning they require less electricity to do the same job than most machines deployed today over the Bitcoin networkand we have a regionally diverse portfolio of mine sites at extremely competitive power rates.
We participate in rostering programs at several of our sites – when there is a surge in demand, we automatically respond by switching off, reinforcing the value of solar and wind energy generation that can only function intermittently. One of our sites is also fully powered by hydroelectricity and has one of the lowest power costs in the US
Can you explain the significance of Decimal’s Wolf Hollow Bitcoin mining deployment in Granbury, Texas and what inspired it?
Roshan Shah: The Wolf Hollow site was under development before the mine arms race really took off, which allowed us to lock into a long-term deal at a very competitive energy cost. We visited the facility during the later stages of construction, the infrastructure is top notch.
Can you give us an overview of the Bitcoin mining market, explain how cryptocurrency mining works and how Decimal is involved in this process and contributing to the future of money and digital currency?
Henry Robinson: Bitcoin mining is not really that different from what Visa or American Express does, the mechanism is just decentralized. When an authorized party issues a transaction on Bitcoin, we miners make that Bitcoin move and earn a fee for our effort. If a miner does something wrong, the rest of the network rejects it, so together we act as a major cryptographic security provider for Bitcoin. The network itself also creates brand new Bitcoin as a subsidy for each block, approximately every 10 minutes, to create additional incentives for miners to provide security to the network.
Decimal is building infrastructure to support the Bitcoin network in the future, with a specific focus on making the most of every watt of energy we consume, and we move to synergistI see business lines such as carbon capture and waste heat recovery.
Tell us more about the technological advances or innovations recently introduced in your mining operations, and give us a walkthrough of Decimal’s Bitcoin mining deployment at Wolf Hollow Data Center?
Roshan Shah: The Bitcoin mining stack has many links in the chain; We optimize firmwaremining hardware selection, heat management, the configuration of power infrastructure, energy arbitrage, treasuryliquidation strategy, and hedging – and at every link we refine. We have optimized ourselves machines to automatically they speed up or slow down in response to temperature and preserve their componentswe buy and sell hardware to upgrade machines when we notice price differencesreduce our transformation and other energy loss, to which we often react force grid requests to support civil infrastructure around our sitesand we operate a long/short strategy on top of our production, similar to an oil manufacturer.
Can you outline some of your key offerings, features or benefits of your Bitcoin mining operation for potential investors or customers, what benefits does a company get from partnering with Decimal for their crypto infrastructure needs?
Henry Robinson: Our current offering is Bitcoin mining as a fully managed service. We acquire hardware and data center space for investors, and then operate every aspect of them mining fleet, and delivers strong monthly cash distributions to the respective investors. There are also significant tax benefits through accelerated and bonus depreciation. WI’m very happy with how it’s going.
Can you discuss some of the benefits of using digital currency over traditional forms of money, are there any risks or challenges associated with running a global crypto infrastructure business, and how does Decimal address these?
Roshan Shah: Digital currencies have many advantages over fiat money. Bitcoin, in any amount, can be sent anywhere in the world and all it requires is the internet. Cross border payment is still an expensive, slow process for tradfi and crypto has solved that. In day-to-day trading, merchants suffer greatly from monopolistic credit card processing fees and crypto can reduce costs here by orders of magnitude once adopted. In the longer term, keeping wealth in Bitcoin means that one is not subject to the political whims of their central bank.
The primary risk today is security. Decimal works with layers upon layers of security best practices and we train to identify threats. Educating security best practices among the masses is an essential step for widespread crypto adoption.
With the latest challenges facing the Bitcoin mining industry, how do you ensure a sustainable approach to crypto mining while minimizing the environmental impact at Wolf Hollow Data Center?
Henry Robinson: We focus on stranded energy and renewable energy. A Bitcoin miner, with the ability to turn on and off at a moment’s notice, is the perfect partner for an energy grid as we provide a base demand that enables greater efficiency for our generators. We are currently looking for several sites powered by renewable energy.
What’s next on your roadmap, does Decimal offer any opportunities for individuals interested in getting involved in cryptocurrency mining as an investment or career option?
Roshan Shah: We are always looking to grow the team with passionate people who understand how blockchain technology will transform the global economy. We are building for the long term, so a perspective of patience and persistence is key. Our next hires are likely to be an operations manager, CFO, and to expand our trading desk.
Where do we see the future of Bitcoin mining and the future of money, any more tips you want to share with our readers?
Henry Robinson: Bitcoin is here to stay. I imagine it (at least partially) replacing US Treasuries as the base collateral layer for global debt, which would have to be priced much higher than it is today to service. However, there is a long way to get there, and there will be many ups and downs along the way. Don’t bet the farm, take a long-term view, learn as much as you can, and don’t chase anything that seems too good to be true.
For more information, visit the website: https://www.decimalgroup.io/
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