On this episode, we have Charlie & Christian join us for an exciting conversation. Charlie started an oil & gas data completions data business, Oilfield Logix, in 2013. Oilfield Logix partners with oil & gas consultants, Spears & Associates, to produce market reports on the US land drilling market. A longtime Bitcoin bull, Charlie started hobby ASIC mining in early 2019. Charlie partnered with Christian at Colossus Processing to scale his mining operation and transition the data-center to mining off pipeline gas. Christian Krautter started Colossus Processing in 2013 and expanded into GPU mining in 2016. Colossus built it’s own facility in 2017 in Tulsa, OK and currently houses thousands of GPUS. Christian has personally developed many systems at every level to optimize a data-center — From electrical distribution solutions, to software implementation, and mining rig design. Christian is also developing a proprietary miner management software. Today, with 2 other partners, they are designing a model to expand mining to the wellhead.
https://www.pscp.tv/w/1ypKdQdEDWVGW https://www.facebook.com/groups/crypto.mining.tools/permalink/579961622917810/ https://www.facebook.com/cryptominingtoolspodcast/videos/269146467541737/ https://www.facebook.com/scott.offord.milwaukee.seo/videos/10163541286345024/
Transcription
Live and we’re live. All right, everybody, welcome to, I think this is the 32nd episode of the crypto mining tools podcast. I’m your host, Scott offered, and we have our cohost Ethan circa. Hey everybody, don’t worry. It’ll grow back someday today if you’re watching on video by surprise when I, when he first hopped on. But yeah. Anyway did they were here with Charlie Spears and Christian, I can’t remember his last name.
Christian Crowder.
All right. Awesome. I’m glad to have you guys here today and we’re going to be talking about a few different things. Oil and gas, Bitcoin, GPU, a sec, right? Awesome stuff. Yeah. Yeah. And actually I, I met Charlie online, I don’t know, a few months ago he was talking, I don’t know, he had this big Bitcoin, a gas and oil, I don’t know, something having to do with a podcast. And this guy seems to know some stuff. And he seems to be into crypto. I, I’m gonna, I’m gonna see if he wants to come on my pocket and I finally convinced you to come onto my podcast. Well, it’s good to be here, Scott. Thank you. And don’t worry, Ethan. I have enough hair for both of us. I quarantine has been good to me and knocked to my barber. Yeah. Take your hat. I don’t do it. I don’t know if I want to. Oh gosh. Oh yeah. Oh wow. Take a shower, man. I’m a drummer, so I have to look, I have to look somewhat, you know, in the scene too, right? Yeah.
You gotta head bang and it’s got to go flying.
Yep. So well we know that you guys are into this thing a little bit. And why don’t we just start by you telling us a little bit about what you guys do, you know, what your day jobs might be and what your, some of your projects that you’re into. And then we’ll kind of go from there.
Alright. You want me, you want me to start? All right. So I started in cryptocurrency mining, I would say 2017. Just had a other business that had some hardware, built it up and eventually grew it into what is now Colossus processing, which is to my knowledge, one of the larger data centers of its type of a GPU in the GPU mining world. So we host some thousand GPS and I transitioned that business you know, as the profitability of the booming, kinda dropped off. I transitioned it more to the render farming world. So working with animation workloads and partnered with a pretty awesome company in the space render or Oh toy, who they have a project called render token, which is blockchain distributed render farming. And so we’re a pretty key partners there with them. So that’s a really exciting, I feel like a utility token for cryptocurrency really getting the best out of just this high, high availability and GPS. From there worked more and more up. Yeah, it was on the on the folding at home project.
Yeah, we can talk about that down the road.
Yeah. And so basically anything and everything that we can put a data center to work towards. I, I’ve had my foot in as as I, we continued to kind of realize we needed more and more software solutions to really maximize the efficiency. And so I developed and, and working on a project called optimize that’s actually running up here in the background. But yeah, pretty much when you’re dealing with thousands of GPS, you just have to have a way to look out for everything. So I’ve been doing that as well. So, and most recently been partnering and working with Charlie. I’ll let Charlie talk more about that.
Alright. Yeah. Yeah. Well you know, I’m a long time Tulsan here and out of broadcasting out of Tulsa, Oklahoma and the Northeast little corner of the panhandle looking state Oklahoma. And yeah, I I, I, I had it in my head that I wanted to be a petroleum engineer back in 2008. So I studied, I started studying petroleum engineering at the university of Tulsa. Great school for that, found out that that wasn’t my thing. So I flooded the business that I was going to go into news broadcasting. I spent some time working for the local national public radio affiliate. But towards the end of my college career, I real, I was doing a project for a business, a small consulting business that my family runs. And I realized the scope of this was a thousand or 10,000 fold. And that led to the creation of oil field logics, which is a oil and gas data mine business.
I collect data about how Wells are drilled in North America. Yeah. And so they’re kind of the bread and butter is a database that I maintain and a partnership with the family business to produce a series of market reports that describe various aspects of the oil and gas of the drilling and completions business. So through, you know, alongside that, over the past eight years I discovered Bitcoin and become, became kind of fascinated with it. And I had never really dipped my toe into the mining side. I was more in the just this is such a cool concept. I, this is a great way to make dollars, which then translate transitioned into, well I actually just want to own Bitcoin directly. So about a year ago looking at the macro environment for the domestic natural gas market and seeing the transition from in the Bitcoin mining space to prioritizing, reducing operating costs, dirt cheap power. I saw that this was just a marriage. It was a match made in heaven and only one party really saw the opportunity and that was the Bitcoin mining and or ASIC mining world
Because they need, they need the power, they need the power guys. Like we don’t care about these machines. What do they do? Yeah,
No and I certainly like we use, we use space age technology to drill Wells. But as far as talking or describing how we drill Wells, that’s still in the 1970s. This is an industry that runs off the Rolodex still like you of got to know a guy who knows a guy to get anything done in that business.
I’ve noticed that. Yeah. Yeah.
I can talk more about how you got, how that works and why we have an oil and gas guy on the team who’s not me. When you need someone who’s much more knowledgeable than I am. But yeah, I, I just said, okay, I’m just, I got to get into this. This is a perfect, I’m perfectly positioned to kick this can to the road and make it happen. So I bought some may six, so my first ACE six were from Scott
Through one of his solar mine. Yeah.
I think a lot of people’s are, and through that, that as I was trying to find a place to put them that led me to Christian who I guess we’ve kind of been mutual friends for a long, I forget. I,
Yeah. How did you guys come to meet?
So actually a buddy of mine I went to high school with who, who’s also part of our team, Nathan means he actually introduced me to Charlie. You go back, I guess this will be about a year ago. And so, yeah, from there, you know, we just kinda kept talking and talking and you know, at first I was I was pretty skeptical. Like the whole gas Blair idea was something like I just never considered, I was really heavily, heavily researching and leaning towards just some renewable energy options, but you know, it looked pretty tight and you know, going that route when, when you looked at it and it posed a lot of difficulties. But yeah, the more, you know, we kind of discussed and worked on this natural gas and sort of as I realized we have this incredible event. I mean, you have this historic falling out of the oil and gas industry like we’ve just never seen. And you also have the big point having events occurring. You just see this tremendous opportunity emerging from the resulting sell offs of both industries. So it’s, it’s really it’s really a fascinating time and a fascinating thing to witness and act on is just bringing these two industries that are relatively in the dumps and that they can really do something special together.
Yeah. It was a good idea to mine off natural gas before this whole you know, double black Swan event if you want to say. But now it’s even better. We are literally at, I mean the trough of the, these two cyclical industries with the harmonization is incredible here. So I’m actually kind of glad that I wasn’t able to get team and capital committed towards this venture until recently because now it’s, it’s, it’s really just the stars have aligned, so, yeah. Yeah. Well, and it’s interesting to hear Charlie say, you know, in the oil and gas field, you really have to know a guy that knows a guy and then Christian to say, you know, well, he was a little skeptical as well. So, so we’ve had, you know, both industries that the crypto and the oil, kind of both very
Mary of each other. Yeah.
More like foreign industries to each other. Yeah, I think it’s sort of, it probably us having, you know, the ultimate realization and understanding between each other’s industries is probably due to the fact that, Hey, I’m in Oklahoma. If I, you know, if you live in Oklahoma or Texas, every other person, you know, I’m way tangentially involved in the oil and gas business.
Yeah. Tulsa is the former oil capital of the world. I mean, the first half of last century was defined by Tulsa, literally at the center of the global oil production industry.
One of the things that I found out that, that was very fascinating about the oil and gas industry is that this flare gas is a natural side effect of, you know, drilling and they have to do something with it. And many times it’s just not economically viable to build a pipeline and ship it off. It’s not economically viable to take the generators, the turbines that run off of it and build transmission lines out to a transmission station or anything like that. And so what they ended up doing is they ended up paying incredible fines to the EPA. I mean, enormous sums of money and just just burning it off. And I do think that our industry crypto mining is a perfect solution because we can, we can put these miners into a shipping container, we can take them to very remote places and we can literally turn that waste into wealth. And I find that fascinating.
Yeah. You make the environmentalist happy because you’re reducing emissions. Any, you make the hardcore capitalists happy because you’re making money off of it, wasted a wasted revenue source.
And, and what other, you know, can you think
Of that’s this scalable that is this geographically agnostic where if you have an internet connection, which, you know, we have satellite, so you have an action that is, that is adequate for what we’re doing. You know, it’s such a brilliant fit. So we’re, we’re so tremendously excited to be involved in it. Yeah. One thing I don’t, I haven’t heard yet spoken about much on, on any podcasts or anything is why we find ourselves at this point. So Ethan you mentioned that you know, whenever you drill the well there’s associated gas that’s produced and we’ve been drilling Wells for oil right now, but that actually hasn’t always been the case actually for the majority of last, the last half of last century. We were drilling gas Wells. I mean up until about the mid two thousands when we were drilling Wells for gas and oil was kind of a byproduct.
Now we are drilling Wells for oil and that’s really because of the advent of hydraulic fracturing and horizontal drilling, which unlocked the defining domestic resource of U S jail. So now we’ve been drilling all these giant Wells in, in, in, in, in shale plays and we’ve been drilling that for oil. And because of that we have had the natural gas market collapse because there’s just been this over supply gas and there’s really not, there’s really not a, it really doesn’t look optimistic for the time being. Yeah, we might see natural gas spiked like $6 for a time, but I mean, it’s really going to be in the dumps just as far as we can project. So now that we have associated gas, that’s gas that’s associated with the drilling process for oil. There’s just tons of it. And then also there’s a bunch of titles. It’s like there’s a bunch of old Wells in Oklahoma that, you know, they’ve been producing for decades. And, and it’s not just like the EPA requiring flaring, it could be like a little small guy in, you know, nowhere Oklahoma or Kansas who just is just can’t sell their oil or their gas for a good price because the, like a pipeline company owns all the infrastructure. So they’re kind of at the mercy of, of deals or,
Yeah. Just to get it there. It doesn’t make any sense.
Yeah. So we can come in and say, Hey, look, we can buy your gas from you for a better deal than you can sell it. Yeah.
Bringing this many turbine and, and we can just start pumping out Bitcoin.
Yeah. We need no infrastructure. We can have an onsite in two weeks if you want. That kind of thing. So, so, so when, when you’re proposing these things are you really pitching it as a way for them to get into Bitcoin or, or is it like you kind of keep that Bitcoin thing to yourself and you just sit, you kind of show you more as a solution? Well, I’ve had quite a bit
Of experience. I, I’m, I’m here in Houston or in Austin on business and I’ve been having like just this morning, you know, discussions with well owners and you know, it is something that I, you know, I probably had these discussions with 20 or so of these well owners. And so it’s always sort of a play it by ear scenario. You know, for most people they are uninterested in you know, like if someone came up to me and said, you want to get in the grocery store business, it’s a great business. You make lots of money. It’s like, I don’t care about the grocery store business personally, but with some guys like recently found him individual, he easier about this and he’s like, I went on the business side and you know, we’d be very blunt with them and say, you know, what, are your priorities? No cash on the table or are you interested in this industry? Are you wanting to work on a partnership? And you know, we’re, we’re finding more and more people as they, as they catch on wanting to really get into the business side of the business.
Yeah. Yeah. Cause I, I I was just talking to somebody the other day and they, they were in the oil and gas industry and they seem to indicate that they had a significant amount of capital that they could put into something like this. And actually they, they were looking at buying like a whole container full of brand new S nineteens. And, and we’re like, well, that’s great. You know, but Hey, it, if this is your very first project and you’re trying to dip your toe into this and learn, learn from it, you know, there, there’s maybe some better ways to get into it. Like, like Charlie Lee, I’m sure like you, you know, you bought some of the older models, you know, so yeah, I broke them or when I overheated them or I didn’t hook them up. Right. It’d be a low cost failure. Right. but yeah, so from what I understand, there’s, there’s definitely a lot of potential capital to be invested, but Christian, like you said, you know, it really depends on where they’re at with their company or, or really what their desires are.
And everyone’s situation is so different. You know, it is a, it is a very, very heavily negotiated process. I’m learning very much, you know that, that the oil and gas business, they play all their cards very close to their chest. There’s a reason it’s a good old boy system. And you know, some people, you know, it’s just who knows who. It’s this very much built on trust that is built over years. You know, we’re dealing with well owners who, they’re not used to really stepping out of the comfort zone, but due to this sort of desperate situation, they’re finding themselves in, they’re more willing to make a deal. I would say that alone is contributing more to this cooperation being a more of a possibility because, you know, people are just, you know, when they’re hurting, they’re just much more willing to look for alternatives. Everything’s smooth sailing. You’re not really looking around testing new things. So it’s a, it’s really something you have to play by ear. Every gas, well, you know, owner I talked to has a different situation. They have different relationships. They’re committed to, they have different prices that are, you know, beneficial to them. So yeah, it’s a, it is definitely a dynamic situation.
Yeah. And the oil and gas industry is not risk averse. I mean they are one of the riskiest most sure like sure the market changes, regulation changes or you know, they’ll deploy capital for exploratory Wells, right? The thing is there, they don’t want to deal with something they’re not familiar with. And if you want to talk about the riskiest, most knee jerking, you know, word out there, it’s, it’s Bitcoin and cryptocurrency because you, I mean, they write, they, they throw a lot of barriers. So you know, I think early on it’s going to be a, a very tack. You gotta be tactful. You gotta try this tight rope of language and maybe not, maybe not lead with Bitcoin because I learned I want to buy your gas and make electricity, but I’m not going to tell you what I’m going to do with that electricity.
Or you say, yeah, hear me out. I can buy your gas for more than you can sell it for a, you can make more money partnering with me. That kind of thing. You can say distributed data center gas, you know, monetization. I try, I’ve been trying the term digital pipeline because I think that that’s just the coolest arm ever, right? That rings very well yet. But once people see this demonstrate and there’s a handful of companies out there, only really just a handful here in North America, there’s a handful of companies out there who are doing this and once some of it’s demonstrated and the word on the street gets out, I think you’ll kind of go like wildfire. I’d be more up front, say we’re mining Bitcoin. Let’s talk about how we develop that partnership. And again, yeah, you can have digital pipeline.
I think that’s one of the coolest terms. So yeah, we have a, we have an oil and gas guy on the team. A guy who actually drills Wells works for a major producer here located in Tulsa, Oklahoma. And you gotta have someone who knows the business, someone who knows the specific contract law specific regulations because every state’s different and all these, I know a lot of the, I’ve heard other companies who are doing that, who are doing this Bitcoin mining at the well site thing. And they all talk about, well, it’s a simple concept, but you know, there’s all these nuances of how you actually set it up. And maybe the pipeline has an acreage position, which means that like, okay, the gas is the purpose situation. You have the perfect relationship relationship with the producer, but like the pipeline might actually own all the land and if you’re undercutting them in a deal, they don’t like that and they can call dibs on your stuff. And interestingly, there’s a million situations all nuanced in their own specific way. So you
Need somebody who really knows the area and knows the right people, you know, to, to get things done. It really is something that I did. I did not give oil and gas like as an industry, the credit for just how complex it was going to be. I’ve been receiving a tremendous education over the past several months and it’s, it’s been really fascinating and really making me appreciate the industry as a whole. But yeah, one thing about it, just the political climate around it, the regulatory climate the local laws, the contractual agreements between E you know, the individuals the contractual agreements on the equipment sourcing the equipment. I mean, this was something I initially in my mind was, Oh, there’s gas coming out of a pipe in the ground and we burn it and we make money. It’s just easy. It’s like, what could go wrong? It turns out a hundred years worth of precedent. You know, there’s a reason that it’s just, it’s difficult.
Yeah. You know, and I know there’s, there’s other things like, you know, when, when you’re starting to involve crypto mining into that you know, you might not even actually be able to get onto the land because you need to be certified in, you know, you have to have like OSHA, you know, kind of hard hat. So it’s not just as easy like you said, as just, you know, whatever. Maybe putting a container there and plugging it in, plugging it in and saying, okay, let’s start mining Bitcoin.
Crypto miners come from a world of, of the wild West of regulatory body where there is none. And we, you know, we, we sort of love that privilege that, you know, that comes with the internet of it largely just kind of you doing your own thing. And so entering this world where you really have to conform and you know, the oversight before you can make or break your business is something that you have to adjust to.
Yeah. Scarlet’s yeah, I was just going to say, let’s take a moment to to take a look at crypto mining tools. And after we look over that then Christian, I want to hear all about now, is it a firmware or is it just a way to control your, your mining operation?
It’s not a firmware. It is purely a way to like give yourself a single pane view. And I guess I can sort of show it right here.
Well not, not yet. First I want to go into our crypto mining tills and then after we do a, an overview, we’ll go straight into that.
No, I want to know about Charlie your, your podcast, so we’ll talk a little bit about that after too.
Yeah, sure. All right, go ahead. So yeah, you know, our industry is constantly evolving and it’s constantly changing. And Scott and I both recognize this very early on and we wanted to of become the industry resource where everybody can come and they can become educated and learn, you know, about crypto mining. And we have an awesome calculator that we’ve created, created for viewers. And I wanted to bring out some features just real quick if you can open up that panel. Scott, I wanted to show everybody that we have a basic and we have an advanced calculation. And one of the things that makes our advanced calculation more, I guess you would say useful than other calculators is not only can we factor in, you know, price change difficulty, but we can also factor in things like uptime. It’s all those little tiny details that other calculators don’t factor in.
And from popular requests, we actually have a quantity value too. So you may have noticed in other calculators, you would just have to multiply the terahash of one minor and then you know, kind of figure out what your calculations were there. Well, with ours you can put in directly you know, an uptime or exactly how many minors you want to calculate the total amount to get that total value. We’re constantly updating our list of minors and the specs on those miners so everything stays as accurate and as up to date as possible. And then from there, you know, once you found a miner that, that you think is, you know, a good value or something that you want to mind with or bring into your farm, you can go to our comparison app and you can compare it to the other miners out there in the market.
And you compare many values, not just as performance, not just its efficiency. But what about cost, you know, is that capital expense is a big factor and getting your return on investment and you can compare it with their comparison app. And then after that, after you’ve affirmed everything, you can go to our shop app and when our shop app, you can literally shop in the marketplace only sellers that are vetted through Scott and myself and go through our verification, know your customer and know your seller process can list on this site so you don’t have to worry about, you know, Hey going into some shady chat room and saying I want to buy this. And somebody says, yeah, I’ve got to, you know, and I’ve got a great price or whatever. You know, at the very least you can go here and you can confirm market price.
You can make sure that, you know, the price you’re being offered in the, in the chat room. Is it realistic? Is it above market, is a below market, you know, it’s a, it’s a great resource to safely make your purchase. And then finally, you know, and this is how you and Charlie met Christian, you can then shop around for hosting. You can shop around for a company that will host your gear for you. You know, let’s say you want to get into this industry, but you don’t want to put an all that crazy capital expense or anything like that. You just want to pour in your capital into these miners and then get them to a facility where they’re mining. Here you can go through and it’s, it’s very interactive. It’s really cool. It’s a map system. You can go through the map, you can search by location, you can search by, you know, what your power rates that you want it to be.
And there’s several different power options too. So it’s not just simple managed hosting. You can go into co-location or you can go into straight up power purchase agreements. And that’s where I hope, you know, someone like Charlie and other people like Charlie and the industry were really connect with me and Scott in the future because we can list your power that you can sell on our system. It’s, it’s ready to go. And you know, when, when we have somebody who comes in who’s searching for that power, they can then easily find you. It doesn’t have to be you. You know, you have to know somebody who knows somebody who knows somebody anymore. And, and that’s it. That’s our system so far. We’re constantly evolving and we’re constantly improving it. Like to you know, just keep coming back and, and check up on it. You’re going to see a lot of new improvements continually happen over the next couple of months.
Yeah, fantastically impressive. I mean, I love like all the features and the conditional little inputs that nobody really thinks about or considers you know, in the grand scheme of things that are real things because we’re 100% uptime, it doesn’t exist. It’s not a, you know, so I know whatever factors that in, whereas, you know, particularly, you know, your reduced earnings over time, all kinds that, that looks really trade. I really love that option for you to, you know, have a map view when you’re looking around to figure out, okay, where exactly are these facilities? And you know, I, that is such an important thing to really grow people to like the reality of where this equipment is. So Bravo, great job putting it into the site. It looks great.
Yeah. My my first, the first calculator that I actually ever trusted online was crypto miner tools. So that really led me into a lot of the, the Scott offered suite of stuff.
Awesome.
Yeah. So Charlie why don’t you tell us a little bit about your, your podcast cause that’s, you know, that’s kind of where I heard about you first. Oh yeah. Well, you know, I mentioned that my family has a small oil and gas consulting business, 60 year old company started by my grandfather. Now my dad and my uncle operate it. You can see them there and drill down. I love that. I don’t work for Spears associates, but I do, I do help guide them. I call it dragging the firm, kicking and screaming into the 21st century, you know. The thing we’ve really been able to do and have success with is this podcast, which is really just a way to export. Richard and John’s already wonderful personalities beyond that, of a conference room. It’s, it’s just the short 10, 15 minute episodes topical about stuff in the oil and gas industry.
Generally, the upstream drilling side, some of the global macro environment stuff. But yeah, you can see like we did a whole series on ESG, that’s environmental safety and government which is a going to be a defining narrative in the oil and gas industry going forward and ties pretty well into the whole mining with mining off well gas thing. But we’ve done that and that’s been pretty successful. Yeah, so there’s some videos associated with that and that’s a nice, again, you know, that those are a lot of the information and data in those, in that podcast is, is comes from the series of reports that Spears cells and then some of that is a partnership between me and spirit. So. Awesome. Yeah, that’s great. So far.
All right, Kristin, I’m ready. Let’s, let’s hear about your, your mind far management.
Oh, okay. Well you know, opt, mine’s kind of my little brain child that birthed out of necessity just because in my opinion, there’s many, many different competitors and a lot of them do things well, but none of them seem to do all of the things well. You know, they’ll all have one sort of unique little feature I like. And so I’m pretty much just grabbing, pulling together everything that I know really matters. The best hairs. Right? you know, I get the impression sometimes looking at the softwares that they were made by somebody who, you know, was very passionate and, you know, worked on crypto mining is involved in the industry, but they didn’t have day to day experience actually managing like hundreds and thousands of rigs.
So for that one machine, they were trying to, you know, tune
And without having that, that day to day sort of experience and without really feeling those pain points and knowing like where you really get frustrated in the process it can be difficult to know what features you really need to prioritize and what, what is gonna make a mine more profitable. So, you know, first thing right off the bat was making sure it was a death fee type fee. Kind of like you already have with a lot of the solving software in the GPU mining world. They all charge on a net fee basis, which is a perfect model.
Can you give our audience a little bit of an idea of what, what the debt fee can be? Just a ballpark. It doesn’t have to be specific.
We’re just planning to charge like for every hour the software runs, it runs 60 seconds for us. So that works out to around one to 2%. Okay. So Jerry a time thing that makes the most sense to implement. If you, you attempt to implement it in other ways, it can get very technical and require a lot of involvement with developer of the solvers which that can be difficult to manage. So yeah, we just charged purely as a percentage of time of your overall operating with a guarantee that we establish a baseline of your farm’s profitability and we can guarantee you a increase in cash, attach what you will charge. Okay.
So if it doesn’t, if it doesn’t make it, it doesn’t cost anything.
Absolutely. That is really awesome. And that is a pretty easy to make because they, the, the industry right now is just rife within if an officially, I mean it’s, it’s pretty standard I would say for me to be able to squeeze out an extra 20% of efficiency out of a lot of farms.
And these are air cooled miners. These are not liquid cooled or emerging.
Yeah, I mean a lot of it has to do with the profit switching. Algorithms that are set up, a lot of them, there are mining solutions that have profits switching in place, but they’re not really reactive enough. A lot of times they require the miner operator to have wallets stuff. So if you know, you wanted to take part or let, let, let, let’s, let’s be more specific. You know, Raven proof of work algebra that was updated to the they required the miners to be updated and if they weren’t, you would not be mining well, we can just sort of predict and manage all these things in the background. You, it’s pretty much totally hands off experience for our users. They’re just going to have confidence that with our software installed on their machine, you’ll always be binding on the most profitable currency and your GPU is always going to be tuned optimally for whatever algorithm it’s running, you know, between different outs. GPS are stressed in different ways and profile or hash algorithm may crash when you switch that GPU to you know, I’m an arrow algorithm, so we we sort of just raw from our back experience in this area and a designed really, really cool feature set to address the issues.
That is awesome. That is really cool. All right. Yeah, I think that’s going to wrap up our, our podcast. Yeah. Do you have anything to add, Scott? No. so I’ll just put this on the screen here. Charlie on telegram. You are CBSpears. I, I believe and I just, I just copy paste that. So if you’d be Spears check out on telegram. And then let’s see, for you, Christian, I don’t know if you have an actual handle on telegram, but w what are you on Twitter?
On one or on Twitter? It’s just Colossus process and we’re just hypey here.
Great. And it looks like maybe he’s, he’s frozen there a little bit. Christians in
Austin, wheeling and dealing for us. He’s broadcasting Adam hotel. So, yeah, hotel internet is honestly not very good,
But the, the best place to reach me is just my email [email protected].
Awesome. Well, Hey guys, it was great to have you on talk a little bit about Bitcoin mining and oil and gas. Yeah, I learned a lot. I really did. Thanks guys. While we’re like your podcast you know, when we have more specific information about exactly what our proof of concept looks like, we’d love to talk about that. Absolutely. So
Totally impressed with you. It’s really a really cool to see that show off. I’m definitely going to have to experiment around with it some more in the future.
Sure. Absolutely. All right, man. See you guys. Bye.