visa and MasterCard you run your transaction transaction goes to Visa Visa verifies whether you have the money and authorizes the transaction with Bitcoin mining everybody has the opportunity to be VZ MasterCard every single block you need to solve a puzzle and the more hash power and the more servers you have the faster you can solve that puzzle and to get the right to be Visa or Mastercard and mine that blog and it's a decentralized way of doing that [Music] hey folks Flo here with blockchain North we're here at futurist day number one I'm here with Scott uh Johnson of digital Shel why don't you introduce yourself in sort of 30 seconds and then we'll dig into it um so I'm uh CEO and lead designer digital shovel we make infrastructure for mining Bitcoin uh on of ventilation electrical and housing we basically build the holes for the Bitcoin miners interesting and yeah so what what you said to me earlier is you manufacture quite a few things but not the miners everything but the miners we let the we let the guys it is a very tall order to make a Bitcoin miner I believe in focusing on what you do and what you're good at yeah we're good at building the infrastructure and that that's what I started doing and that's what we're focused on doing okay so for people who don't understand what infrastructure is required to be mining Bitcoin other than the miners themselves so when you run a Bitcoin miner it consumes a whole pile of power and converts all that power to heat so you need to distribute that power and you need to do something with the heat and to ventilate the Heat okay um the other thing we need to do is create smart smart automation to make your miners as efficient as possible and operate as optimally as possible right and we build that smart automation smart automation as well uh through automated basically like the electrical paneling you have in your house imagine that on crack a design because the power density in one of these units we've got one outside uh that's look running with some miners in it uh the power density of that is about the same as this entire building put together in just one little 5tx foot square that's incredible so maybe in 30 seconds I can put you on the spot like what what is Bitcoin mining fundamentally like I mean and how does it sort of integrate into existing grids and into our let's say our economy either like what what why do we need it I think is a question the Min uh 30 second uh I'll give you what Bitcoin mining really simple be in MasterCard you run your transaction you run it to transaction goes to Visa Visa verifies whether you have the money and authorizes the transaction with Bitcoin mining everybody has the opportunity to be Visa or Mastercard every single block you need to solve a puzzle and the more hash power and the more servers you have the faster you can solve that puzzle and to get the right to be in Visa or Mastercard and mine that blog and it's a decentralized way of doing that um why do we need mcoin that is not a 30- second answer um that I mean really simple example let's go back to Cyprus in 2009 when the cine government asked for a bailout and c and e CB gave all these measures they said no instead they simply took money out of everybody's bank account same thing happened to you since Co happened but 25% of all dollars didn't exist that's the same as taking money by printing money and giving out free money to everybody is the same as taking money away from those that have money that does not happen with Bitcoin and that is why we need Bitcoin one of many reasons but that's my 30 second answer for you that's fantastic so it seems to be like Bitcoin money has evolved from being something that people would do in their basement or their garage uh you know any body could basically M Bitcoin and make I guess a decent amount of money if you put in the effort whereas today it seems to be much more Consolidated and we're talking about you know large caps like Merit mod or perhaps you're in Canada H um or you who is the most of our clients are medium to really large Bitcoin miners there still there there still are a medium siiz miners still spending three3 $400,000 so but yeah it's very approachable you there still are opportunities to come in and run 10 to 20 miners I mean if you're in Newland Labrador power rates are extremely cheap and you can still get in there and still make a decent profit I mean getting into mining is a lot like buying Bitcoin you need to buy it when everybody thinks that it's in the and I don't know if we could swear here when when when everybody thinks the Market's in the and they're like oh that Bitcoin thing and that Bitcoin money is not working no these are the times to get in not what works hitting new alltime highs which every everybody wants to get in cuz that's the hype and the fun time and it seems cool and everything looks good on your spreadsheet you want to buy your Bitcoin mining equipment when it's cheap you want to get in when nobody else is trying to steal not steal but take all of the cheap power opportunities and you need to have the same uh forward way of thinking just like if you're going to buy Bitcoin and and some people choose to go to buy the buying Bitcoin routs some people try to go to mining I guess facilities what sort of infrastructure do you have to manufacture I think you're you're based in P yeah so we're based in we've got a 80,000 ft facility we do everything inhouse the only thing we don't do is we make we don't make the circuit breakers and we don't make the motors for the fans we have a full sheet metal shop we have a PCB assembly line we make all of our electrical panels we also write all of the software for doing the smart automations of our data center St house which allows our clients not only just to um drive and create a more efficient data center but it also allows them to participate in curtailment programs where you can use your Bitcoin mining F to help the electrical grid which is a really really cool aspect of the industry which I I I think needs more praise and needs a larger audience to hear that message well there we go um well do you want to expand yeah for sure I mean there's this narrative that Bitcoin mining is bad for the grid and these Bitcoin miners are coming in and just gobbling up all the power and the reality is in few instances that might be true but the majority it's not Bitcoin miners want to get the cheap power so most of our power prices you know it starts low goes really high during a when you're ad miring a blackout or when it's really really hot during the summer and drops off your power price is this little Gap up here the rest of the time is Idle capacity Bitcoin miners are happy to take the rest of it and turn off for that little bit what that does is if you've got a green energy product like a wind turbine or solar or something that is rying only on that top peak for generating its Revenue we're now generating Revenue the rest of the time on a stable basis which makes these projects more economically viable it makes it easier to get Finance for the project and it makes it easier to build more green energy projects than would have other been otherwise been possible with the current Demand on the electrical grin why don't we talk about this see I mean when you say I mean I'm ringing the bell there's lots of other people if you go to the Bitcoin mining conferences um lots of other people have been talking about this the OT the the energy Grid in Texas actually pays Bitcoin miners to turn off so it's not just they turn off and they save the power they actually get an extra feed back from the grid because the grid realized is it's cheaper to do this than for me to go build another Power Plant why don't I have this guy who's a 200 megawatt consumer and he will turn off instantly and I now have 200 megawatt more of capacity when everybody has their AC's on and we're at 115° F on a hot summer day that is way cheaper and it's also better for the grid better for the environment because those peer plants that turn on they burn natural gas and hydrocarbons which are going to be bad for the ozone and so it's it it's a win-win for everybody and that's something that um you know Minister um Mr nelli from the Alberta Government is here today um we were at a we went on a trade Mission with him to Texas to help educate and inform various layers of government and understand look Bitcoin mining can help you it's a benefit to you and can make all of uh your energy production a lot more economically viable and actually in lower prices for consumers rather than increase it which unfortunately is a narrative that's pushed in a lot of uneducated forms of media that don't understand how everything works how many uh we have 65 full-time employees in house and Tonto so you have a pretty good sense of the uh I guess the labor or friends or opportunities perhaps for uh maybe the younger generation folks that are watching us that are you know let's say at least curious perhaps who been passionate about Bitcoin already but haven't maybe considered that this could actually be a career forther where are the jobs in in in the Bitcoin or Bitcoin mining world I mean there's a variety I mean we're we're a little bit more Niche because we're on the manufacturing side and the majority for us is coming on the engineering side mechanical engineers um process uh our software full Stacks lot I mean the full stack side especially it is huge just in terms of software design and then we also have like our conventional guys that are on the floor that are managing doing the operations we all of our welding is fully robotic at our facility um so robotics technicians guys that know how to program that stuff and then your conventional you know Red Seal sheet metal guys as well I mean we we we run the whole game it and and perhaps you could I could ask this in question for cor entrepreneurship like where are the business opportunities within the Bitcoin SP perhaps you could draw on to ask me they give this secret sauce right now yes I you know what like do the things that people don't want to do um it well for me I mean people in this space a lot of the tech heavy guys didn't want to get their hands stury they wanted to just sub it out to an engineering fur let them do their thing and and you know their product they're going to come out with is going to be three four times the price of what we produce it for sometimes getting your hands sturdy and understand how things work and building something that caters a little more to the space gives you a really big competitive advantage and lets us offer things that otherwise wouldn't have been possible if we were subbing that stuff out thank you very much [Music]