Apr 3, 2020
Today's episode of the podcast, Robert Hirsch from Freedom Factory, talks about "Building A Business Into A Machine vs. A Job. (Part 2)."
Listen to the podcast, watch the video, or read the transcript below.
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Transcript of Podcast
Hey, it's Robert Hirsch, and this is the second part of the, how do I build a machine video? And if you haven't watched that, I'd recommend going back to that first because it's going to make this one even more valuable. So, to recap, we wanted to have exposure to the crypto market, but I wanted to think like an entrepreneur. I wanted to build a machine, which meant that I wasn't just going to go out and buy five Bitcoin like a trader and stick it in a wallet and hope it went up. So did I do that? The answer is no. What did I do? Well, that's a little bit different and you might have to follow me through the office and I'll show you what we're up to.
Come on. So when figuring out the right solution, I wanted to think like an entrepreneur and I wanted exposure to the cryptocurrency market, but I wasn't 100% sure what that looked like. So we started doing some research and the result of that is this. So what you see before you is 156 GPU mining rig that is mining Bitcoin. And we talked about the difference between owning a job and owning a business. That's what we talked about with a machine. And if you didn't know which one you had, you just stopped showing up for a month. So this requires about 15 minutes of attention all month. And it works and makes money for us seven days a week, 24 hours a day. This is a Bitcoin mining rig that just, we get roughly one Bitcoin every six weeks from it, and it's pretty exceptional and it was fun to build.
Now, just to be clear, I wasn't the one that built it. We've got a really smart team here at Freedom Factory, and these are some of the passion projects that we do in our spare time. So we all wanted exposure to Bitcoin. We've got an extremely talented staff that we bought these things when the price of Bitcoin went down. We bought these GPUs at half price on eBay. Not that I'm trying to create competition for ourselves where we're going out doing the GPUs, but this is really how you build a machine as opposed to just owning a job.
So this is one of our passion projects here. Hopefully, this was helpful and now you understand the difference. What I mean between owning a machine and owning a job. If you have questions on how any of this works, why don't you give us a call it Freedom Factory. I'm Robert and we'll talk to you soon.
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