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

Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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