We chat with Xin Xu, Founder of Sparkpool, the world’s largest Ethereum mining pool.
Xin talks about the origin story (hint: it was a hacking incident!) that led him to founding Sparkpool. He shares his thoughts on the major differences between the GPU and ASIC mining industries, why GPU hardware offers a more diversified revenue stream beyond mining itself, and how Ethereum’s impending switch to Proof-of-Stake (POS) may impact the business model of large scale GPU miners.
Timestamps:
00:00 Introduction and background
05:09 EthFans origin story and how Sparkpool started
13:53 GPU mining vs. ASIC mining
21:44 Mining pool vs. individual miners’ mining infrastructure strategy
23:48 Risks of operating Ethereum mining pool
25:11 Effect of mid-March selloff on Sparkpool
26:38 Ethereum miners’ need for financial services
30:22 What’s next for Sparkpool
33:04 Rapid Fire
Follow our Guest
@sparkpool_eth
www.sparkpool.com
Follow Amber Group for your weekly #CUPofCrypto
Twitter: @ambergroup_io
Telegram: @AmberGroup
Email: contact@ambergroup.io
Website: www.ambergroup.io
#AmberGroup #Sparkpool #CUPofCrypto #CryptoUnstacked #Crypto #Mining #China #Hangzhou #GPU #ASIC #Ethereum #Bitcoin #Miningpool #EthFans #Devcon
**Disclosure**
The Crypto Unstacked Podcast is meant for informational purposes only and should not be considered as financial or investment advice. Nothing expressed in this podcast should be construed as a solicitation, recommendation, endorsement or offer by Amber Group to buy or sell any financial products. Information expressed by the host or guest in this podcast does not necessarily reflect the views of Amber Group.
