StaaSFund has invested seed capital into Hashed Alpha Fintech, a meta-mining solution for multiplying revenue for Accredited Investors led by Scott Brown and Marc Rosenkoetter. The returns this cycle are going to be astronomical.
Validated over 2M transaction blocks since August 2024!
Over $800,000 of capital actively deployed!
Net positive returns in the first two months of operations!
Time to ride this bull all the way up! - Please let me know if you’d like to participate!
In 2011 when I bought my first Bitcoin at $2.52, I never believed that these digital assets could ever amount to much more than a sandbox for my engineering curiosity. I would have never imagined that in 2016 I would commit my life to building and investing in the Bitcoin startups and the larger Web3 ecosystem like AI, decentralized finance, and Bitcoin mining. It’s been a long journey of discipline, no-quit, and learning how to build better through DOing. To celebrate 13+ years in my Bitcoin journey, I’d love to tell you an investment story years in the making.
Learning the Ropes of Bitcoin Mining
As many of you have heard from the countless news articles and mainstream media interviews, I started by Bitcoin mining journey in 2012, starting on a Dell XPS laptop. After dabbling in several experiments in mining efficiency, I decided to make the jump into GPU mining in 2015, completing my first GPU rack in my basement. In 2016 I decided to scale with my friend and rent a small office space up in Kennesaw, GA. We scrapped together $2.5MM of investment from family and friends with a $900,000 initial investment from me (this is a lesson on it’s own - TL;DR - Don’t USE YOUR OWN MONEY STUPID)!…
Learning the Knowns and Profiting
From 2017 to 2023 I helped build out over 30MW of Bitcoin mining infrastructure to multiple sites spanning 30+ acres and hundreds of thousands of square feet. I know more about power purchase agreements, land-lease agreements, infrastructure, power management, cooling, and hardware nuances than I’d like. I learned of the frustrations of Bitcoin mining and essentially all of the ‘known-knowns’ to the work of mining. Bitcoin mining is not a COMPLEX SYSTEM. It’s a COMPLICATED system that’s knowable given known inputs:
Define clear, measurable processes for your mining operation
Set goals for your mining business
Create a detailed roadmap for your mining operation
Analyze your energy management strategies and look for optimization opportunities Conduct a cost-benefit analysis for hardware selection
Develop a comprehensive maintenance plan for your mining equipment
Implement real-time monitoring systems to minimize downtime
Set up accurate record-keeping systems for income and expenses
Develop strategies to manage risks in your mining operation
Join online communities and attend industry events to network and learn
Continuously seek out new information and stay updated with industry trends
TL;DR - Economic efficiency in mining is a data-play. Harden your known costs (land, power, infra, opex), and you can BE PROFITABLE during any part of the market cycles. *This is how we’ve profited off of the Bitcoin cycles for the last two!!!
Learning What Not to Do
I will always mine Bitcoin. But what I really don’t like are the cycle-times of deployment, infrastructural risks (hardware), and build-out lead times. So much can break down even in the known-knowns. I could talk to you for hours about all of the risks, frustrations, and learnings of scaling acres of mining infrastructure.
So what’s the lesson?
REMOVE ALL THE INFRASTRUCTURE RISK
Hashed.AF is a company dedicated to the learnings of over 10+ years of Bitcoin mining, removing all of the risk, hardware assets, physical infrastructure, PPAs, land agreements, contractors, builders, power, and deep up-front costs… and replaces it with: SOFTWARE ONLY.
We now have a way to validate transactions using only software. It’s called staking.
Scott and Marc are dedicated to maximizing blockchain transaction validations across a portfolio of tokens and reaping the mining rewards using. software. only.
This is why we at StaaSFund have invested. Their economics are outstanding… and I’d love for my network to participate.
This next cycle of Bitcoin is going to be a banger. You’ll want to ride with Scott and Marc all the way up.
My money is already in.
All the best,
ps
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