is this is why there's so much confusion is you know it's like one of those police procedurals where they're going from room to room to try to get the prisoners to you know the bad guys to turn on each other here we're saying like which country is the first to adopt coin or crypto should we be the first if it's all a scam and they're all looking at each other and everybody's moving for the incentives or pro that's the allegation so the protocol just a genie soto she does want to take over. i mean how the game theory played out in the summer lol the son won't be buying the central banks will be buying because the price is still a crime to go to a hundred thousand dollars a court and then finally just to put into context what it means in terms of who samsung is samsung has a large scale sophisticated semiconductor manufacturing plants which are capable of matching orders of any size since last year samsung has been the sole supplier of oil screens for apple's i phone ten production line because it has been the only company that is able to match the supply needed by apple apple is a mess to billions and competitors at l.g. but nobody is able to match what samsung can do i guess they didn't really need

that capacity because apple has not done so well with i phone ten but samsung is also after this they're going to get into a g.p.u. miner so expanding the market to ordinary investors as well co well if you want to learn more about mining stay tuned for the second half our guests will break it down don't go away. i'm completely confused about why a republican a bit astray should made a change that was the same surely. part of the democratic philosophy i can only think that somewhere deep within what they call the deep state the u.s. treasury there were left leaning bureaucrats who who implemented this change to a territoriality based system expects a. i without anybody actually being aware of what was going on.

despite its title and history the soviet union has dominated international sport however it was not about the motives of those champions from the. right on the children. that. knew more than build their own food and bottle fed me just remember to three brothers describe who is for the order you'll look irish was the first computers after your you were the first some of your lympics team of one nine hundred fifty two with some good seeds of life as concentration camp prisoners and from slime soldiers for a baby of his nothe is good to go from here with corruption because you are much

more than an issue for the government because you're more things that you're in for than one follow through shall go a little bit off the floor with you if you think that we are going to go with. the variations you'll push you over through personal personal enthusiasm will overwhelm you know when you're at the national mourning period then you're there with the workers we are in the will free up guys you know can we. if you. follow. me if you. have that.

time you. know. was. my. welcome back to the kaiser report imax keyser time now to turn to j.p. barrett of mining storage bad code j.p. welcome thank you all right j.p. we ran into you recently at a at a meet up a bit coin actually the party the anniversary of the genesis block being launched and you're a miner and this is really fascinating to a lot of people is it fair to say you're in your twenty's or early twenty's or fairly young guy. before we talk about your crypto mining operations tell us about

how and when you got into cryptocurrency so i got in the crypt when i was a freshman in high school kind of got my whole school was going to really small high school got everyone in on crypto eval was trading it you know so i guess most fifteen years old sixteen years old and what so how did you hear about it i think it was about once i tried buying coins through a wall in mt gox and i was like this is way too complicated and then eventually tech crunch another article came out like ok this stuff is crazy i need to do i want to do this and tell myself you know get the coins and i was like well and i have a core and let me see what i can do with it and then from there it's been just a learning process so there is a story a few stories i've been reading teenagers basically getting into crypto and doing rather well and has it changed your view on. the economy as a work or a you know you know you're in high school suddenly you're mining currency and you're you're exposed to a whole world of. economics and well how did that affect you you know

at that time well let's just say i spent a lot of time focusing on because they went on the rabbit hole like you know a lot of people do and you just keep researching researching a story you learning about how you konami explore how the government works how you know what money is and just kind of really learned a lot and i was like wow the stuff crazy and started taking with my school and kind of spent a lot time krypto by loved and it was worth every minute of it honestly and school . oh worthy or perfect your teachers they were they interested in this and that this kind of filter back up to them to the old well i got a lot of questions about crypto you know as a young kid and they're always like what is this because a lot of the classmates started joining in on me so we started kind of taking over some of the classes and all the discussions were about bitcoin and some almost every project i did was about to call in if i could make it about it so i was kind of the big guy in school so all right cool all right so now when let's talk about mining someone setting up a crypto mining operation how difficult is it to enter the space. you know as

competition for chips it's quite fierce so how difficult now is to get into mining so right now we've actually seen just the past since january first like an eighty percent rise in graphics card prices so it's been crazy i was trying to get into the space because a lot of money can be made but it's just the biggest thing is like i told mining's for anyone anyone can get into it from someone who wants to be a game or we start a program that you could you know mine cryptocurrency computer and get paid and pay pal but you know we inventions shut that down but miners are for anyone from gamers to you know large scale is to show investors it's all about the capital you have an let's anyone play the game it's just the same level returns on your investment it's just you know if it's one hundred dollars or if it's you know ten thousand or one hundred thousand right so you know we hear about the cost of getting into the big play mining now getting quite high and you have institutional players and pools getting together but you are mine across the spectrum all kinds of koans right how do you determine what coing to mine when it comes to asset management for miners is

a big thing because you know you're mining cryptocurrency we started money or money you know hundreds of a theorem a day if you have proper asset management and proper portfolio management you're able to you know reserve some of those for later down the line and not sell them all so really it comes down to which koreans you think are going to do the best in the future mining is kind of you know a hedge to getting into crypto it's a group of people to get in who have been who don't really believe in because you don't can really understand it's like ok why have physical devices make mean. i can kind of you know get a grasp of what it is also ok so how do you pick let's say there's something like fourteen hundred coins out there and depending on a lot of variations yes some are profitable to mine one day and not the next how does that all work yes so i would go ahead and say that most people most of our customers you know my theory i'm in the cash i'm an arrow those like the big three and you see customers will just mind that and hold it but there's also some people that use you know use nice has and has gone ahead and you know truth is the most powerful coins and automatically sell on place that it's really you know why you're

in mining and you're in it for the long term unit for a hole in the coins and just getting them and not selling them if you're signing for me for profit then you're in a mind something called the most profitable coin and there's websites like what to mine dot com that kind of show you which coins the most profitable but that's which is because you know as difficult to go down some of these coins in the price are pressured up you know the mining rewards are basically in balance that's right dynamic market so let's say how would you describe here grandmother for example she would say j.p. what is mining is it possible to sum that up in one minute blurb how do you describe it or how funny enough actually my grandma was one of the first we're going to go out in the morning with me you know back in the day so i kind of explain to her as like so mining is this you know it's a new real estate play for people it's like if you want to go ahead and you know you're buying a small mini apartment complex and you're kind of you know getting money from the tenants in each one of these tenants is like you know when you make the queens and the kind of paying for that so it's kind of you know using that play to explain it to people and kind of like the payment works in it's just an easy way to explain it

it's like a very similar to real estate investment ok that that's maybe too easy yeah oh yeah do you understand mining the words can you just talk to the audience out there what what is what is crypto mining exactly i mean can you break it down what happens so yeah i mean in crypto mining you know you're solving you're building a block right and the whole goal is to build the next block in the block chain and you're kind of go to poor. and you know people join these pools in the pools all together and they also you know contribute to get this block i would say you know crypto mining if it's for someone who's never heard of it it's just you're kind of securing the block and kind of using now as recently as like you were you kind of you're securing the network you the army you're the military for this currency you're providing the security you know that's of all the big ones out there of all the if there amount there's no one can you know overtaken have fifty one percent attack or you know overtake the network so it's another way to go about it that you know might helps answer some questions for people who have no idea and you start

explaining you know what actually you know the math is in the technical know behind that it's people just they just usually glaze over and forget we're kind of talking about so well i mean j.p. you're a miner you have a body mining do you yourself or is it really necessary to dive into the mathematics to aggressively i mean it's not i don't think it's necessary to this group there's a there's some people that need to do it and people have done it and you know with a very thankful for them but you know as a businessman you don't really need to understand the technical background of it because all the code is out there it's open source and people have you know vetted it and audit it and looked at it it's really pretty simple now you just kind of plug in your computer and kind of start graphics cards can start mining you know different crypto currency like a theorem or you're a sick man you just plug it in connect to a pool now it's going so there's not really any technical background that you need to have to get into mining now back in the day it was a different story but ok so have you got a pushback from. the level of authority could be even a school authority or

a federal or a state authority or federal government as are but any pushback whatsoever so i mean not really with anyone from schools or you know in school we're talking about if you like one of these mining things are running has really started getting on the computers and testing them out on the school computers and they're like oh what are you guys doing it's like oh we're just kind of playing around with stuff or using the school yeah let's say you know we all tested their laptops you know back in the day ok. what about. the most competitive locations at the moment us care iceland china. price per kilowatt is a metric you hear often do you look at that i mean is that what's going on there the energy cost that's the biggest thing when you come to institutional mining is you know when you're deploying millions or tens of millions of dollars for the assets that electricity electricity costs you know you when it comes to lecture electricity cost the price that out you kind of want it could be you want it for four point five two you know five cents per kilowatt we've seen you know pricing down to two cents per kilowatt in some places in the us and it's really just

finding it the biggest thing i've seen is that actually the u.s. infrastructure is having a hard time scaling like the actual power and sure some of our time scaling with the demands of these cryptocurrency miners on the some counties in you know in somewhere in the us there were have applications that there's about a thousand megawatts where the power currently just allocated in a queue that's for future deployment but you know you're not looking for the these companies are going to be deployed for you know maybe three to five years because of just the time it takes to build the substations and the time it takes to build out the infrastructure to support these cryptocurrency miners so they use a lot of power so where were you going in the your education and career now you've been exposed to something that gives you a look at the energy business the currency business crypto mining business i mean you're in the air down involves a lot of different things suddenly and so you're at the beginning of your career i guess you could say so where's this taking a j.p. where you think this is all heading for you on your journey so i think for me in my journey i think it's going to kind of walking towards more institutional investors working with them on getting their you know their assets deployed in kind of

helping them out that's where i see the you know a lot of the funds moving money is moving more towards you know i think we'll have like you know right now money make your money back in about a year and a half a year to you and a half is conservative very conservative estimate but you know i fancy i think that'll be five to ten years before you make that money back because we're seeing what a year and a half a year and a half or an out of what about this is the gratification i like to get like to get the mining started to make money and they want well maybe going to. oh i see you're in a year and a half right as you say your cost of the chips yes you cost so surely but that is a group is that number growing i mean it's been fluctuating you know we've seen i haven't you know six or seven years ago you were mining on your laptop and you know printing bitcoins exactly that was worth nothing. and now you're saying that the cost of their rig what does your company do exactly so you're mining store dot co so what do you do exactly so what we do with money it's kind of our consumer facing company we're going to manufacture rigs for anyone who's looking to spend you know

anywhere between five thousand to one hundred twenty thousand dollars on hardware if i came to you and i said ok up to you could do that for that between five thousand or whatever you're saying but i'm i are why does a kick in for a year or more than a year where you make money but you're going to make your principal amount on your investment back in basically a year or two and a half so not cash flow positive yet another year year and a half and that's attractive for a lot of folks i mean that's the price a bit quieter crip those were to continue right there in a soft patch you know if they continue to slide obviously that pushes that out further exactly and what's your view on the crypto market price going forward while i'm very interested to hit ten thousand you know hit twenty almost twenty thousand dollars that's why our crazy you know couple years ago are like oh we're going to hit a thousand dollars is a big deal but i think you know crypto is growing exponentially you know as i can just as an organization as an organism as a group of people as you know we as a network grows as we see a network effect of you know i'm talking about the corn and that's kind of what

i've seen is like you know i talked about pick when a bunch of people now they're all coming back to like what is this big quinn thing you're into big corn like yes i told you about it you know four years ago you should have got in then but you know it's still happening i think there's nobody wanted that million dollars no one everyone wanted eighteen thousand dollars and that's fine with me you know i think there's still huge value decline i think we're going to see you know higher prices you know maybe we'll hit fifty thousand dollars by the end of next year but you know no one really knows and it's kind of like as interest. builds and as more companies start working in the industry says ok so now you're out of high school i guess yeah so i was in college at n.c. state university in raleigh and finally just took off and now i'm working full time online and just entrepreneur and your fellow post-millennial generation has it changed your world to sell crypto space in a big way it's given me you know there's a lot of opportunity in this must give me you know there's a lot of opportunity in this market and it's allowed me to really like you know i always want to be an entrepreneur and it's kind of take that and be like ok let's run with this and you know really see what we can do what you know my generation

can build in this into the watch and i think watching are going to play a huge part in the tokenization of like assets as we move forward and you know with just in a virtual world all right well thanks so much for being on the show thanks all right well that's going to do it for this edition of the kaiser report was made back as i say several i think i guess j.p. barrack of mining store dot co if you want to reach us on twitter it's kaiser report and told next time by. running. the best out of. the concepts of pain to perform i have actually passed myself today. you don't know so you need what. are you going.

to snow in home. during your. squinty was. so. what. was it you could with us the. yes get. mission. there. i'm here at muddy field stadium in their home on the hop. i'm here to interview a scotland legend. a man who fought many great battles on this behind me now he's engaged in the greatest bottle of all his struggle against. disease.

across europe municipalities are taking their water supply back from private companies to meet this with simple song alone even find company elsewhere though they invite private companies to take over their utilities anybody. i'll actually miss you guys you got. this is. just because i'm out looking. for you man but the lift hill brought up locals are ready to stand up for the basic human right of access to water it's about water but it's also over much more than war it's about the hurt and the redistribution of all of. us. downwards we want to.

syria has called on the u.n. to hold the u.s. led coalition to account for wednesday's airstrikes targeting syrian pro-government forces fighting isis u.s. then szell command says the attack was carried out to defend and then american targets group. it's the final day before the start of the winter olympics and dozens of russian athletes are still awaiting a ruling on whether they can compete in south korea but tensions over the games don't stop there as norway now faces don't mean allegations to. republican lawmakers in the u.s. are threatening to cut funding to a global cancer research program after it leaked america's most widely used weed killer cancer.

a warm welcome you're watching r.t. international with me. syria has called on the u.n. to hold the u.s. led coalition to account for wednesday's airstrikes against pro-government forces the number of casualties has not yet been confirmed u.s. central command describes the attack as a defensive move but russia's defense ministry said the unit was hit as it was carrying out an operation against an eyesore. and for every decision while carrying out an operation to locate and terminate an eyesore sleeper so near form oil refinery a unit of pro-government forces was suddenly shelled and then hit by airstrikes by the u.s. led coalition vis was overkill pure and simple if the numbers are true i would

see a demonstration of she have brute force perhaps you know to send perhaps the send a message that nevertheless the united states says that it's it's in syria and it will defend itself and it has the right to defend itself in this instance in defense of coalition and partner forces the coalition conducted strikes against attack and forces to repel the act of aggression against partners engaged in the global coalition's defeat danish mission if the situation is like how they describe that they were indeed attacks while fighting isis then they have the right to self defense well if you take them at face value you could think so but the people they just killed were also fighting isis and recently they have been making much better progress against isis then the united states led coalition or their partner forces the the s.d.f. the syrian government has of course called all of this an act of aggression unwarranted and unjust but just for you information all of this happened in there

is or near a rich oil field and refinery conical it's called it was liberated last year by the u.s. led coalition very quickly and in fact the u.s. partner forces seem to have a knack for liberating areas with oil under them much quicker than they do those areas that don't have oil under them since since all the oil rich areas were taken in that as ordered by the s.d.f. progress against isis seems to have dropped to a snail's pace but you know regardless. here america has said that it is in syria only to fight isis today isis has been all but defeated in syria but you don't see the pentagon packing its bags our military policy in syria has not changed our priority remains to defeat of isis whether it's in iraq or in syria that is our

intent to defeat isis and not do anything more than that the united states will maintain a military presence in syria focused on ensuring that isis cannot reemerge total withdrawal of american personnel at this time would restore assad who continue his brutal treatment against his own people opposed to principle the lack of a fundamental commitment to our agreement is typical of current u.s. diplomacy including the reasons why the americans stay in syria rex tillerson peter he stated that the only goal in syria was the defeat of ice or now they've got far more ambitious plans with more of the most with the mixed messages here is the pentagon staying general mattis said that the united states will stay in syria we'll fight in syria for as long as the united states wants to fight in syria i mean that's you know pretty direct now you see how this might sound strange to go to syria and a vital and while there you start killing syrians in syria in self defense.

experts told us that with the islamic state practically gone from syria washington is now targeting the country's government instead they are not just in syria to fight they're in so i knew i have been in syria for a long time because they want to throw aside as the space. feeds as it becomes clear that it is the syrian forces themselves and large would be to die if the priority of overthrowing assad begins to reassert itself in the pentagon and in the white house so i think that's true that's the. question the overthrow of assad was always the prodigal prone the reason why the americans were in syria the army in treating these groups intervening with air strikes and so on they were diverted from that by no with the possibility of a defeat of diet inside syria that policy that reasserts itself this is coming at

the end of a long war the united states has taken is about twenty eight percent of syrian territory and over fifty percent of its oil this is led british in order to roll back the one and get rid of my side i said yes i get it he wants to do well for himself there was a race only a few months ago that would get those fields and he's proving undoubtedly under the pretext of biting isis the united states didn't think it was so the united states is trying to lay down the law here and not let anybody approach and as we know it turks threatened and rendition could take on the americans over there so the united states i think it's very patients that both syria and turkey will begin to push america out and try to push americans out of northern syria but he likes. the stance of the winter olympics in south korea is just one day away but the fate of dozens of russia's athletes still hangs in the balance forty seven sportsmen and

women from russia have appeared to the court of arbitration for sport to overturn the i.o.c. is decision over alleged doping violations the ruling is due to be announced on friday well among those who files appeals are some of russia's most celebrated out fleets for example six time olympic gold medalist victor on games champion anton superior that. the reports from the olympic host city of playing china for almost two and a half hours the court of arbitration for sport was listening to the russian side which have now left led by their lawyer so these people won't get. another chance to give their arguments to the court and now it is all up to the cast members they promised to announce some sort of decision by noon korean time on friday to go over to the phone we continue to depend on the can spam listen to our arguments and the

decision will be reached within twenty four hours so things won't be decided to with a few hours before the opening ceremony which of course puts extra pressure on the russian athletes on wednesday the secretary general hinted that still their mind to be at delay now here we are looking at three scenarios either cas decides to do nothing about the international olympic committee's move not to invite the russian athletes who have never been caught for cheating and without specifying any particular reasons for doing that or the court of arbitration for sport chooses to give the green light to the russians and in that case that would be a massive blow for the audio scene and that would in turn mean that the international olympic committee discriminated against the russians the third scenario we heard about from an online leak that cannot be confirmed but reports are suggesting that there could be a split decision on the russian athletes i'm standing by here at the temporary home

of the court of arbitration for sport and i'll give you any news as soon as it comes out showing that support for russian athletes sports fans projected a light show on to a building opposite the wild anti doping agency headquarters in canada is said the only doping among russian and then pick team is the support and love of russian people russians are coming. but athlete so his participation in the games is not in question and now embroiled in controversy to us after a documentary published a list of drugs that norway's team doctor brought to pyong chan a remarkable amounts of asked my medication was noted six thousand doses containing banned substances was ten times more as much as my drugs then for example neighboring finland brought into south korea the quantity of our medicine has raised a number of concerns and most of these drugs contain substances banned by wada the

doping watchdog argues that they can enhance an athlete's performance by expanding lung capacity the norwegian anti-doping agency has also admitted the country has a problem with the over the use of asthma medication it is common practice in norway to occasionally use asthma medicine in major elements in the respiratory system even when the diagnosis vastly is not specific. the latest revelation comes after the release of a documentary that alleges the existence of an organized doping system at norway's ski federation we spoke to one of the journalists behind the film the ski federation is very angry about this they don't want to talk about this problem and that's very sad in the region it's more. than a ski federation doping program we can see that forty one.