Today, Professor ₿ had the pleasure of interviewing Ilya Rekhter. Ilya is the CEO of Megawatt, a sustainable Bitcoin miner in Indiana. Throughout the episode, Ilya explains how he got started in the 2017 bull market and his path into Bitcoin mining. They also discuss how mining works, rebutting energy concerns, using mining to revitalize communities, fighting proposed federal taxes, educating state legislators, his thoughts on the recent ETFs approval, the need for easy Bitcoin access options, and how miners help stabilize grids.

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Where to find Ilya:

- X/ Twitter: @ilyaXindy

- LinkedIn: ilya-rekhter-434aa2/

Ilya's Charity Choice: @skot9000's https://bitaxe.org/

IN THIS EPISODE:

00:00 - Intro to Ilya and Megawatt

02:51 - Getting into Bitcoin during the 2017 bull market

05:38 - Demystifying how Bitcoin mining works

09:36 - Tips for starting a small-scale mining operation

12:04 - Misconceptions about mining's energy use

15:39 - Revitalizing communities with mining

18:33 - Concerns over proposed federal mining taxes

23:13 - Education key to state-level advocacy

25:58 - Thoughts on Bitcoin ETFs

30:07 - Importance of user-friendly Bitcoin access

32:49 - Miners providing grid balancing services

36:03 - Where to find Ilya online

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