Bitcoin Mining With River Financial?

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In this video, I review River Financial's hosted Bitcoin mining setup.

Although I like River as a potential place to buy Bitcoin, I don't like the fact that River needs to collect personal information for its Bitcoin mining program. This defeats one of the main reasons to mine Bitcoin, which is to obtain non-KYC Bitcoin.

Unlike Bitcoin mining rigs, BTC itself never wears out or needs maintenance. BTC is an evergreen asset.

The other problem with using a hosted Bitcoin mining service like River is that you do not have custody of the mining rig itself. That's fine in times of peace, but in a time of war, your machine may be confiscated by the company itself or by a hostile government.

"Not your garage, not your ASIC."

I am a customer of River, but I am not being paid or compensated in any way by River for this video or any other video.

Not investment advice! Consult a financial advisor.

A Bitcoin Miner In Every House and Business:
https://www.youtube.com/watch?v=ApxdZG1dP-M&ab_channel=BitcoinUniversity

Mining Bitcoin at River Financial:
https://river.com/mining

Compass mining rigs confiscated by Russian government:
https://www.bloomberg.com/news/articles/2022-04-22/u-s-crypto-company-sells-gear-stuck-in-russia-to-avoid-sanction#xj4y7vzkg

Gazprom mining Bitcoin:
https://bitcoinmagazine.com/business/gazpromneft-partners-with-bitriver-to-mine-bitcoin
https://coingeek.com/bitriver-to-open-100-mw-mining-facility-following-subsidy-from-russia/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#bitcoinmining
#River

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