usual thing give it a couple minutes for everyone to roll on in make sure you share the space out so we can get some more people in here
We'll be starting very shortly catching up with our good friends over at Kadena hashing
So like I said just a few more minutes here, and we'll get rolling
While we're waiting I'll go through my usual spiel here make sure everyone goes and checks out Kadenaecosystem.com website showcasing all of the different amazing projects that are building on or have built on the Kadena ecosystem
We're over a hundred strong, lots of really amazing projects
We also have a calendar of all of our upcoming AMAs with all the projects we're going to be speaking to in the upcoming weeks
Lots of really cool ones lined up
We also have a job section with job postings from around the Kadena ecosystem
So if you're looking to find yourself a job possibly working with the Kadena team directly
There's a bunch of postings there you can check out so make sure you go check out Kadenaecosystem.com
Also make sure you check out kowalawallet.io
It is the passport for all your Kadena needs
It is available for both Android and iOS
It has full NFT support, in-app swaps, Wallet Connect supports all the different tokens
Pretty much everything you need all under one roof
Also make sure you go and join our Discord
So if you have any issues or questions you can also ask the Koala Wallet devs directly
And you can find all of those links on koalawallet.io
Also if you want some really cool swag you make sure you check out swag.koalawallet.io
It has lots of really cool Koala Wallet themed gear as well as some Kadena themed gear
Lots of sweaters, stickers, hats, t-shirts, all types of stuff
Going to be adding some new swag to that in the upcoming very near future here
So make sure you're on the lookout for that
And there's a few community codes rolling around out there
You might have to do a little digging, join a couple communities, maybe ask around
But there's a few little discount codes out there so you can knock a couple bucks off your order
So make sure you guys go check out swag.koalawallet.io
Also make sure you check out kdayxplorer.com
It is the new Kadena Explorer on the block
It is much more user friendly than the old school explorer chain web explorer
The official one from the Kadena team, which is more dev oriented
This one is more user oriented, much more user friendly
And also has full NFT support
And if you like what you see or you have any suggestions on things you'd like to see added to the explorer
There's a feedback section in the footer of the website
Just click on the little link that says feedback
And leave your questions, comments, or anything that you would like to see
Because we would love to add more amazing features that the community wants
So that's kdayxplorer.com
So we'll just give us another minute or so
Make sure everyone that's listening, make sure you share the space out
Get some more people in here
And we'll be starting in just a minute here or so
I think tomorrow I have to spend some time and get my air conditioner put into my office here
Because, man, summer has hit us here in Canada
I'm sure you guys being down in Texas there, Kadena hashing that
I'm kind of preaching to the choir here, I guess
What's the temperature in Canada right now?
Well, we're hovering around 33 degrees Celsius, which is about 91 Fahrenheit
It's actually that warm in Canada, eh?
And plus, you guys are a much drier heat, right?
You don't have as much moisture
You sweat just sitting on
The worst is sitting on the toilet and sweating
Yeah, the dry heat is over in Las Vegas
Here in Texas, it is pretty humid
Anywhere in the southern states, Texas, Mississippi, Louisiana, Alabama, Georgia
You know, there's that Gulf of Mexico moisture that gets in the air
So, yeah, I know exactly what you mean
Where are you in the southern part of Canada?
Like, are you just over the border there?
I'm in Ontario, right near Ottawa
Okay, so like northern New York, Pennsylvania type area
Well, I was prepared to make fun of you, but 92 is pretty good
We get days where it probably breaks the 100 Fahrenheit for sure
Yeah, I've seen 40 with the humidity here
So, yeah, we break the 100 once in a while
And I'm sure this summer we'll be seeing that
It's getting pretty, every summer right now
It kind of seems to get hotter and hotter each year
Have you ever been to Vegas?
Well, if you ever get a chance to go
You would probably want to avoid the summer months
We say it's like the gates of hell here in Texas in July and August
But, you know, even though it's a dryer heat in Vegas
It's really extremely difficult to walk outside for any length of time
And I don't care if it's day or night
Because there's so much asphalt
It soaks up the sun in concrete, right?
So it like just soaks up the sun all day long
And then you're walking around at 11, 12 o'clock midnight
And it's still 105 degrees
And the heat's just coming up out of the...
I mean, it's just incredible, it's hard to describe
It's not so much a sweating heat
More like a feel like your body's burning kind of heat
Like you're walking in an oven, literally
All right, well, we record all of these AMAs
So anyone that doesn't... isn't able to catch it live
Do not worry, it's live here on Twitter for 30 days
And we also upload all of our AMAs to both our YouTube and our Soundcloud
So make sure you guys click on our profile
Go and subscribe to our YouTube
Follow us on Soundcloud to not miss out on any of these amazing AMAs
And also listen to all the previous AMAs that we've done
We are... I think after next week I have a bunch of AMAs
We'll be breaking the 100 AMA mark
So lots of stuff to go through, lots of hours of discussion
So if you guys wanna go check that out, make sure you do
And make sure you subscribe and follow and leave some likes and stuff
When you're there, it'd be much appreciated
So let's get into today and catch up with Kadena Hashing
So welcome everybody to another AMA with Kadena Ecosystem
Today we are back with us, Kadena Hashing
And we're catching up with them to see what they've been up to
And what they're gonna be up to in the future
Why don't we just start with the usual kind of going over
What Kadena Hashing's all about
Just in case this is the first time listeners
That have never heard about Kadena Hashing before
And we'll just go from there, so take it away
Sure, thanks for having me again buddy
I love what you're doing for the ecosystem
And I just wanted to start out by saying
Koala wallet, koala wallet
That's just a fun thing to say, isn't it?
Yeah, it just rolls off the tongue, doesn't it?
I love the new KDA Explorer
And koala wallet's great as well
So check those things out guys if you haven't done so already
I'm the founder of Kadena Hashing
We created our Discord a year ago today
But we hadn't launched yet
But anyways, coming up on it
So we're no longer minting
We did pretty well for ourselves
Basically, we're an NFT mining project
Our NFTs are hosted on the Kadena blockchain
And we went at mining NFTs
In a bit of a different fashion
Than some of the other groups have done
So instead of purchasing like a hash rate
We went at it to tie our NFTs to a reward pool
That basically would reward our members
For as long as we're mining and making money
So it was an offer in perpetuity
And we did really well for ourselves
We sold just over $1.3 million worth of NFTs
We put all that money to good use
We are now operating with 84 KA3s
And we've just recently purchased
I think we've got about 22 L7s
And we are a Kadena focused project
But the reason we purchased the L7s
Was because the KA3s were few and far between
They were vastly overpriced
And it's against my ethos
To pay $8,000 for a machine
So we decided to put some money in L7s
And use that money to pay now on our expenses
That way we would have more Kadena to distribute
So the idea is to build up the L7s
Up to a point where we can completely pay
For our expenses each and every month
And then we'll have 100% of the KDA that we mine
But although our mint is over
We have another project in the works right now
As an ode to Kadena hashing
We're calling this Terra hashing
And it will also be mining Kadena
But it will have a new element
It will be also mining Bitcoin
And the way that this project will work
Is that its primary product is called Terra Slice
And you can purchase one NFT at a time
And each NFT represents one tera hash
Of the miner of your choice
So if it's an S19 for Bitcoin, for example
That's what it will represent
If it's a KA3, it'll be one tera hash out of that KA3
And some of the value adds that we've done
Is we give at least a one year warranty
Where the manufacturer only warranties for six months
So if anything happens to the unit backing the Terra Slice products
We'll replace it free of charge
And we're also creating our own marketplace
Where you can trade these NFTs
And then you also get access to our fantastic electric rate
We pay six cents per kilowatt hour
And we'll charge a bit of a premium on that
But you'll still be way better than you can get
So there's no need to go out and purchase a miner
Set up airflow, set up electricity
Take your chances with suppliers that can scam you
And then pay an outrageous electric bill
You can just buy one tera hash at a time
And take advantage of our fantastic electric rate
And we will be hosting the units in our own facility
There won't be any third party hosting or anything like that
So that's kind of what we're...
That sounds very interesting
Definitely taking it in a new kind of way forward
The phone was ringing and I didn't hear a lot of what you said
But yeah, the way we're looking at it, Chris, is...
You know, listen, mining is a risky business
And anybody that tells you otherwise
Just hasn't been around long enough to know
You know, the ins and outs of this industry
And, you know, we can't...
The way that we looked at it at Cadena hashing
Is we wanted to hedge our bets
And that a way to reduce risk
Is to not be buying the miners yourself
And to have other people buy the miners
If they want to participate
As we purchase each miner
We'll base that collection of NFTs
So, for example, if a KA3 has...
It'll have 166 in the collection
Because there's 166 tera hash
We don't keep any of it for ourselves
The full bang of, you know, your purchasing power
What we do is then we'll host it, right?
And then we get ongoing revenue from that
And there's also a profit margin on selling the...
The Tera slice product, each one of those
And then, you know, we can create
A separate revenue stream
Whereas we're not purchasing crypto miners ourselves
We're taking advantage of the hosting...
Of the facility that we have
And that way we've got, you know, the mining side
We're fully invested in that
We're going to continue to grow that operation
But on the other hand, we're going to continue
To expand out our operations using the cash load
So that way we don't have to take anything
Out of the mining and we can pay NFT owners
You know, as much as humanly possible
So that's kind of the idea
Awesome. Speaking of the infrastructure
You guys must be getting kind of full up
On your infrastructure of your building
And everything. Have there been much
Improvements or additions or anything
From the last time we spoke
I remember the last time I saw you guys
Were putting those big huge fans into the wall
To help with airflow and everything
Mining facility infrastructure been going?
It's been going really great
We've actually got some additional fans
On order now that we're coming into summertime
We've got one more round of fans
To put in the building for the left side
And that's what we've been focusing on
It has two sides, a left and a right
And the left side is being completely
Dedicated to all the Kadena hashings
Mining and growing and things like that
And the right side, if need be
Although we have two and a half megawatts
That building will only house about a megawatt
About one megawatt worth of miners
So what we're going to do is use the cash flow
Revenue from the terror hashing side
And build out that right side piece by piece
All of this will be on us
I have spotted a piece of land
We're actually waiting on encore
And which is the electric grid company
To come out and tell us exactly
How much power is available there
From the current place we're in
So it's still going to be ran by wind
When we checked out the property
It had some high tension power lines nearby
Which is always good news
That means hopefully they can run power
To the place pretty easily
It's in the county which is good
There's less restrictions
You don't have to worry about zones
You can build a dwelling on there
For example if you want to
There's a lot less restrictions
We like everything about the property
Because it's just out in the middle of nowhere
And that's kind of the beauty of mining
We're able to go into these rural areas
Seek out pieces of property
That no one would want otherwise
And build out infrastructure
And bring some revitalization
Since it's really becoming the
Bitcoin capital of the world
Or the mining capital of the world
So yeah we've got lots of plans
In a couple of different directions
But we want to stay in Texas
And we want to stay in the United States
The 30 cent electric excise tax
That's no longer on the table
And there was also another bill
Legislature that died in the house
That was going to limit our participation
In the demand response program
Which is another revenue source for us
So yeah we love being in the United States
And in Texas in particular
It's very business friendly
So our expansion plans are here for sure
But we do have our eyes on other things
As a fall over kind of a backup plan
In case the government ever decided to crack down
Or something that just wouldn't be viable
So yeah we're kind of ready for any eventuality
Yeah it's always good to have a backup plan
Because you never know what's going to happen
Especially with next year being a presidential election year
You guys could see a big swing down there
When it comes to legislative things
I know a couple of the candidates
Like Robert Kennedy Jr. there
He seems to be very pro-crypto
So you never know what could happen
And what the future hasn't hold
And it all really just comes down to
What really happens during those next big elections
But you know he seems to be like
Like you said Texas I have noticed
Is a very business oriented state
And it also has become a lot more crypto-friendly state
Especially when it comes to mining
And electricity costs and things like that
So you know but like you said
It's always good to have that backup plan
Sounds like Paraguay might be a bit
If that does happen would you be actually
Moving your entire facilities
Or would you still be having the Texas place
And having this as your secondary one
Yeah you know it's hard to tell the future Chris
But you know let's pretend like
You know it would be interesting
To see what Texas would do
Because mining has become such a big deal in Texas
And we are revitalizing so many small rural areas
And also helping build out renewable infrastructure
It's been a big deal here
And it's a big economic boost
So I would be super interested to see
What the Texas legislature would do to fight that
You know if it's a federal tax
There's nothing they can't not allow it
But I would be interested to see
If they would come out with something like credits
So you never really know at the end of the day
But let's just pretend like the federal tax comes out
Immediately increases your overhead by 30% overnight
You're having to charge the customers 30% more
So we would probably look to be moving our operations
Of course depending on if it was a bear market
Or bull market or whatever
We may still be operating there
And continue to operate profitably for some time
We would want to switch gears immediately
And try to go to somewhere where we're welcomed
And that's kind of the beauty of this
We're not going to build out any permanent infrastructure
Like buildings or anything like that
What we're looking at is these mining pods
Even if you could get 50% of your money back
Just from the scrap in them
If there wasn't a single miner in it
So it's not like it's a huge loss
If you had to offload them
You could get some money back to move out
I mean you just got to be nimble in this business
And you have to be ready to move on a dime
And also plan for any eventuality
There's another thing that would keep us in Texas
If we're not using any grid power
30% tax on zero is still zero
So that's something that I'm also looking at
What I would call satellite sites
And that's where you don't put
A ton of miners on the place
But you have enough property to run
1 to 3 megawatts worth of solar
In order to bring your operational costs
Down to relatively nothing other than employees
That's another thing that we're very much researching
I mean it is costly to do solar
But I've worked out that you can
You can ROI your money pretty quickly
Because you bring down your costs so dramatically
That you get your money back
It's not like putting solar on your house
Where it takes you 8 years or something
You know, I tell you what
Sites in the United States
If they come out with a tax like that
Sites in the United States are going to be hard to come by
And people love the United States
Because of the security it offers
So sites like ours, if it were ran by electricity
Would be full to the brim 100% of the time
There would be people just waiting
To get in line for us to host their miners
You just have to take this thing day by day
I follow pretty much every politician
That I know on the matter
I'm actually going to be joining
The Texas Blockchain Council
And I'm going to start attending those meetings
So you've got to be part of politics
You've got to be part of the lobbying effort
To keep this thing friendly for all of us
Because it is such a boon
So you've got to fight for it
Definitely got to keep up with things
Because things can move fairly quickly sometimes
But usually when it comes to the government
They're not always the quickest to act
Usually they're reactionary
It's just a matter of keeping up with it
And being vocal to make sure that
Actually using the infrastructure are heard
And that they get a say in matters
If a huge tax increase or something like that happens
Be it Texas or the United States
Which is overall not good for
The entire system down there as a whole
That has to be well thought out
And something that needs to be
Definitely looked at for the pros and the cons
Before any drastic decisions are made
Now you mentioned earlier
That your NFTs for Kadena Hashing
So if anyone wants to get
It's too late to get in on minting their own
On having Kadena Hashing NFTs
Added to any marketplaces
Now that we have a couple new ones
And some really good existing ones as well
Have you been in any discussions
With them to possibly have Kadena
Has a whole bunch of Hashing NFTs
And wanted to sell a couple
For like they need liquidity for something
Because their government raised their taxes 30%
And they need to pay off their taxes
Resold and purchased on the secondary
Market as soon as we close the mint
But we're very much a community
I always ask for everyone's opinion
And we have votes all the time
I like to do what most people want to do
And a lot of our people are very
Marmalade Standard for example is
But really what they are is
We still have the ability within the database
For example they lose their keys
Like we can help them move their NFT
Once you move to Marmalade Standard that's it
You can't do that sort of thing anymore
So I give everyone the option
To, we can go ahead and switch
But when Ledger came out for example
Then by programming you lose
There's just no way around it
We've tried to explore ways
Not happening but the programming doesn't know
Any difference between transfer
Try to protect that benefit for
The majority of our users we gave
Them the option to just not
List on the secondary market until
And Kadena had came out and said
That they were kind of in the last stages
They needed to get an audit done
That there was probably going to be
About a three month period
And then if it wasn't launched
In three months we would all circle back
And we'd have another vote and you know
If the majority of people are just kind of
Itching to get on the market then that's fine
But most people most of our guys want to
Want to hold so the idea here is
Want to hold we can we can help
Over to their secure cold wallet
Once that process is over
We'll switch over to the Marmalade
Standard and launch with one of the
Some new ones coming on that we would want to
Start some discussions with to kind of see
Which one we think would benefit
Be an opportunity for sure
In the future we just don't know
If it's in the next couple of months or if it's
Going to be you know further down the line
But yes the plan is to allow
People to trade and offload if
Now you mentioned community and
Voting and stuff like that
Has there been any thoughts of building
Because I know that Swarms Finance is
Very close to finally getting out of
A beta form and going live with
Any discussions maybe of possibly
Setting up a DAO through them
So that you know you can take the
Voting from just a regular
Like Discord kind of voting system
On the chain kind of DAO voting
And I'll tell you why Chris
You know most of the people
Believed in our ability to
In the direction that we thought was best
Because mining is a very complicated game
You have to be in it for quite some time
Know the ins and outs and you know
I've got all the plug ins in the industry
So in order to just kind of turn
The platform over completely
To people like for example
We just came out with a vote and I
Very clearly explained the benefits
And you know of doing this
We're selling most of our KDA
Electricity price I mean for every
Only selling for 74 cents
I came up with a way to get
Out of this the problem is we're
Going to have to sacrifice a few months
Going so very well for us
I had to explain to everyone that
If we can just withhold payouts
For three months for example
And then use all of those
Funds after expenses to purchase
More miners whether that be KA3s
Or L7s to help pay expenses
But then that's what we should
Do and it was overwhelmingly
You know I always know we can't
Please everyone in these sorts of
Decisions but this game is
So fast Chris you have to be
Able to turn on a dime sometimes
Sometimes I have to make executive decisions
Because if you have people
Deal sometimes I get a message
And the miners are gone within 30 minutes
You have to make it move really really fast
Phone and on the computer
To all my suppliers and everybody else in the industry
So yeah there's no plans right now to move
The fact of offsetting your costs
And this kind of goes back to what you were saying earlier
Which is the Terra Hashing
Can you maybe just kind of rehash that
And one thing I also read about that is that
It's also going to have obviously
Another collection of NFTs
But from what I've seen these
NFTs are going to be minted on polygon
What was the decision behind choosing polygon
To mint the NFTs as opposed to doing
Yeah I mean we do want to
Offer them on Kadena as well
But the decision was made
So there's just a lot more people
Over on that chain right now
We just felt it was a better
Decision to go over there
So we weren't going to do it on Ethereum
I honestly don't like the idea of going over there
But I have to make the best decision
Based on the available information
Projects that are doing something
Kind of similar to what we've got
The first marketplace that will allow
So yeah the decision to go with polygon
Was a tough one for me personally
I love Kadena and everything about it
But we're still going to be supporting Kadena
In that we're going to be offering Kadena Mining
We'll keep our options open
I'll open it up on the Kadena chain as well
And there'll be an NFT collection
And once that collection is gone
Terror hash that that particular miner
Has so for example if it's
In the collection if it's
In the collection and when that's gone
Then set for the next collection
On its dynamic it's based on
What we buy the miner for so
The bull run when miners cost
A lot more the price of the NFT has to go
The miner comes down so we'll
Terror slice product down
It allows anybody that wants to
Participate in mining to do so
To take advantage of a sub 10 cent
The world of crypto Twitter that
Has done everything that we said we're going to do
And that we have secure facilities
We take care of our own so it's
A little bit different but there's going to be
Some interesting strategies deployed on this
I can see already that people
Are wanting to load up on their
Out of one collection and wait until the next
Miner comes and 10 out of another collection
It's a way to kind of diversify your risks
So if one miner goes down
You're still mining and then
You can load up on these NFTs and
Come to bull market when those
You can turn right around and sell them on our
Marketplace for what you paid for them
Or more and you'll load just mine
So it's going to be very interesting to see
But we're very very excited about it
No I totally understand the whole thing of using
The polygon network because it's also going to
Bring the benefit of the fact that you're
Going to have people who are going to see
Oh like see in the whole polygon
Oh here's another NFT coming up
It's tied to this mining thing
What's Kadena? Maybe I'll look into that a little more
So really it's just going to kind of bridge
Another community over to Kadena
At the same time because you know
They're going to be looking into what it's
All about and what they can do with these NFTs
That's going to just lead them down
The rabbit hole because I'm pretty sure
Most people know what Bitcoin and Bitcoin
Mining is but I'm sure a lot of people
Like I know when I've gone to conferences
And stuff you know the majority of people
I've talked to they've all heard about
Polygon and they've all heard of Ethereum
And Bitcoin but very few people have actually
Heard of Kadena seems to be
You know kind of going still kind of
Under the radar type coin especially
When it comes maybe not so much
For mining because it seems like
With the huge increases in hash rate
And stuff we've seen over the past
You know four to six months
It's obvious that the miners are starting
To catch on to Kadena but you know
Not so much you know our NFT community
Seems to be very small around
Kadena kind of seems like it's just
The same people over and over again
Across the same communities
So really just branching it into
Another community is not going to do
Anything really bad and it's not
Like some people I've heard saying
Things like oh you know Kadena Hashing
Is leaving Kadena and it's like
From what I'm understanding about this
You're not leaving Kadena at all
If anything you're opening up more doors
Yeah that's very well put Chris
And one of the things I'm most proud of
Personally from Kadena Hashing is
All of the people that we brought into
The ecosystem that knew nothing about
Kadena whatsoever we all have to
Remember that at some point
In the past everyone on this
All hadn't heard of Kadena
Right? There was some point
In the past where all of us
100% of us had never heard
Of what Kadena was and in order
To like for example if somebody
Comes to the site and they see Bitcoin
Mining in 30 seconds for 30 bucks
And then they look over at Kadena and it's
Like 50 bucks or something it's more
And they go well why is that more expensive
So then they look up the ROI numbers
And they see that they're gonna be making
Well they go why is that? Why am I gonna be making
What is going on behind here
Right? And then if you own some
Of these NFTs and we have another
Parabolic run like we did last year
That I mean that just gets people's
Heads turned onto this ecosystem
People and introduce things
The best opportunity I absolutely
Love the fundamentals of Kadena
And I think the potential is there
It will make sense to launch
On Kadena and stay and that's
What we did with the first one and we did pretty well
But like you said it was very well
Put I mean I was just kind of beating
A dead horse here but yeah
By doing this you do bring a lot
More eyes into the ecosystem
And they say what is this Kadena thing
That's bringing in one additional person
Into the ecosystem that some will see it
But you know what if we bring in
People are going to say what they're going to say
But at the end of the day
It totally makes sense to me
The more I started looking into it
And reading through the terror hashing stuff
The announcements on your Discord
On the Twitter account and everything
I was just like I don't see anything wrong with this
If anything I see a lot of positives
In it and that like I said
It's just going to open up more doors
Which is really something that the community
Is saying how are we going to get adoption
Well this is one way that you get adoption
Between two different communities
And leveraging a very large community
To show them what Kadena is all about
I don't see anything wrong with this
Maybe it's actually the better decision
To make at this point just because
Of the whole kind of lull
That Kadena seems to be in right now
Especially when it comes to the NFT space
You're a Kadena Maxi in the sense
That you like the fundamentals
And what the coin actually is
In a way but when it comes to being
A miner cannot be any kind of Maxi
To any coin, a miner needs to go
And that's really all it comes down to
We have to go where the opportunity is
And thanks for backing me up there Chris
So let's kind of talk about
Timeline, do you have any kind of
Timeline for Terra Hashing
Anything like that or are you going to be
The same way that you did with the Kadena Hashing
Timeline or plans for how that stuff's going to go
Because I'm sure a lot of people
Now that they've heard about this are very interested
Of when they're going to be able to get their hands on these things
Kind of a soft target right now
Six weeks from here we're going to be launching
Probably the beta version
And we're going to do a bit of a soft launch
There's not going to be a lot of hype behind it
Or anything like that, no whitelist spots
We're just going to baby this thing
At a slower pace because we have to
Kind of build out infrastructure as we go anyway
No we haven't been in discussions with anyone
The initial version of our website
Will just be where you can purchase
The NFTs and then you can see them
Whether it's Bitcoin or Kadena
So if you're mining Kadena that's what you can
Withdraw, if you're mining Bitcoin
That's what you can withdraw
Will be launched in our own marketplace
There's nothing that says that someone can't
The only difference, we're going to
Recommend that people use our marketplaces
Tie the NFT to our database
And then on the marketplace itself
You can see how much warranty
Is left, there will be a countdown
The more warranty that you have
Probably the higher price it will demand
If you sell on our marketplace
Then of course you're going to see
How much warranty is left
But if you send it off to OpenSea
There's going to be copycats
There's going to be the scam
NFTs out that people will recreate
Them, you just got to be very careful
With that stuff, so just for security
Purposes and for totality of
Information, we're going to
Highly suggest that anyone wanting to sell
Or trade, do so on our own marketplace
And that will follow soon after
We launch the beta version
Of our website where you can buy the NFTs
It won't take too long, but
Yeah, we're looking at, you know, look
You can come in and you can start mining
For 30 bucks in 30 seconds
And you get the full power of the
Terra hash, or whatever ROI
That gets, and just withdraw your funds
Whenever you like, and sell whenever you like
Now you just mentioned a word that
I'm kind of curious that you could expand on
When you say warranty, when you're buying
One of these NFTs, can you maybe expand
On what you mean by that?
Yeah, for sure, so it's the same as if you buy
A miner from Bitmain, for example, it comes
With a six month warranty
So if anything happens to the miner
You can send the miner back and
Get it replaced, or fixed, or whatever
So the TerraSlice product will have
A warranty, but we want to step further
And we've given you an additional
If the miner backing that
That's actually backing it
You'll be able to look at the
Serial number of the miner
You'll be able to follow the hash write
Data coming from the miner
That's backing your product
So if that miner were to fail
It's outside of the manufacturer
Six month warranty, we'll replace
It ourselves on our own dime
As long as you're still within
The warranty period, so from the
A countdown will begin starting
At one year, and then it will
Take down, now if it's outside of the
Warranty and something unfortunately
Happens to the miner, you know, then
It's the same as if you had bought
A miner and it was outside of the six month
Warranty, you know, replacement costs
Some people listening when they heard
Warranty would be like, oh, what does that mean?
Buys one of these NFTs and
A month later, you know, something
Happens and they need to get their liquidity
Back and their money back or whatever
And they go and sell it on a marketplace
That, and hopefully specifically
Warranty will carry over to
Absolutely, that's correct, that's right
And that's why we think that the warranty period will
Command a higher price, so for example, if you're just
A month in, you've got 11
On your NFT left, and then
Someone is in the same boat and they're trying to sell
And they only have three months left on the
Warranty, I think, that, you know, the
Three-month one would command less
Of a price than the higher-priced
It's important to, we think
And sell and swap on our own
Marketplace where we can connect that to
Our database that will show exactly how
Much warranty is left on that particular
Was it yesterday, I believe, that you guys
Had a big space with a bunch
Maybe for anyone who may have missed it
You want to maybe go over some of the highlights
From that, because I'm sure that was probably a very
Yeah, it's always really great to
Hook up with other projects, I just
Love alpha shooters to bits
A lot for the mining space
A very collaborative mindset
You know, we've come across some others
In this industry, I won't name
Any names that haven't been so
Collaborative in the past, but
You know, I think it's just silly, I think
Together, although we are
Kind of competitors in a way, kind
Of competing for the same meant dollars
It's much, much more important to
Meet others in this space
With them, you can share ideas
Are the NFT owners, the guys
The trade secrets and the
Different things that are shared
Industry, because everyone goes
At this and has a different experience
Some are in Paraguay, some are in different
Parts of the United States, I'm in Texas
I mean, I can teach people a lot
About what's going on here in Texas
Looks like somebody in Paraguay can show
Me where the secure land is, and things
Like that, so it was a really neat
Yeah, I thoroughly enjoyed it
And I always enjoy getting
With Alfa shares and being on
With those guys, just because of
Their attitude and what they do
For the space and for everyone in it
So, they deserve all the success
They've got coming to them
Yeah, it seems like it was rather successful
I was just clicking on the link, it was
Recorded, so if anyone did not
You can always go back, it's on
The Kadena hashing and the Tera hashing
The link, you'll see the really cool little
Graphic and everything for it, and all the linked
People that saw it, it was pretty
Long, when three hours long, you had
Over 800 people tune in, so I called
That a success, that's for sure
Yeah, well the first hour and a half
I think was their regular NFT conference
For the last, I don't know, hour and
Fifteen, hour and twenty minutes or so
If you want to catch that, you want to
Fast forward towards the end
Tera hashing kind of thing
Are you going to be able to maybe open up
The option for people in the future
To kind of do like some of
The other mining projects
Are doing, of hosting miners
For other people, you know, at a small
Kind of cost, is that something
That you guys have thought about putting into?
Sort of the phase three, right, phase
One is to watch the Tera slice
Is to do the marketplace, where you
Can trade and sell those, and then phase
Three is where you can purchase
That we kind of win in this step-by-step
We have to build out infrastructure
Host miners right off the jump, that
To build out the right side of
Our facility, and then to proceed
Right now, you know, we do have our own
Facility, but it is leased
We love the place, it's working out
Great for us, we've put a lot of work
Of counterparty risk there
Stop personally until we have
Tell us we've got to go, or
Any number of things can happen
Yeah, that's kind of the step-by-step process
And all of that sort of thing
Hard to put an exact timeline on it
But six months to a year after
We launched the Terra Slice product, it could take
Actually that long before us to
Build out our own property
And stuff like that, but it will come
And when it does, we'll be very
And all of those details will be
Of course available on our website
And stuff like that, just
For anybody here that hasn't already followed us
And give us a follow, and keep up with us there
Now as you're building out new
Facilities, are you guys planning
On sticking with open-air
Any thoughts on going with
What seems to be the new trend of
Liquid cooling, so that you could probably
Do a little bit of extra hashing
Power out of these machines
Initially, we will be doing the
Tried and true, we know how to do it
Relatively quickly for less overhead
Absolutely, once we've created
A sufficient enough revenue stream
Enclosure on the property
Into some immersion mining
Even possibly hydro-cooling
In a conversation with a fellow
Expensive to set up as the problem
It's just like doing solar or something
A million dollars to set up
A megawatt or two worth of
Miners, but the hash power
Is so much greater on these, and
Down turns in the market, for example
Our bear markets and stuff
A direction that we will head, but
First things first, we have to crawl
Before we can walk, this is a very
But probably multi-decade, hopefully
The ground floor, we started with a facility
Releasing, we'll move on to a property that we own
Then we'll probably move on to a larger
Property that we own, and along
The way, once we build up enough
Then, yes, of course, we're going to go
Into liquid immersion cooling
Our mining operations manager is all
Over it, he loves that stuff
He would do it today if we could
Afford it, but that and possibly
Liquid cooling and all that kind of good stuff
Because, you know, this industry
It just changes so very rapidly
And the hydro cooling, the overclocking
And all this kind of stuff, you can be left
In the dust, so, yeah, we definitely
Plan on going that direction, but
Like I said, we've got to build up our revenue base
Awesome, well, that pretty much
Covers everything that I had
Planned to speak about today, is there
Any other things that you feel like we
May have missed or any kind of other
Alpha or things that you want to release?
No, that's really, that's really not
All I got for now, guys, Chris
As always, it's always a pleasure
Talking to you, you always have some very
Interesting questions, and it's always
Fun talking about this sort of thing
So thanks for having us, and thanks
Everybody here for showing up, and like I said
Just go over and follow at
TeraHashing underscore IO
And keep up with the latest
Awesome, well, I want to thank everyone
As well for joining us today, it's been
Another amazing conversation
And make sure you guys give
Kadena Hashing here a follow
Click on their profile here
Go join their Discord, get involved
And also follow their new
Twitter thing, TeraHashing
They got a little landing site
For their website that's coming soon
Keep informed, and hopefully
In the very near future, we'll
People will be able to get their hands
On some really cool new NFTs
And dip their toes into some really
Fun mining, so, yeah, thank you very much
Thanks, Chris, thanks, buddy, keep doing
Awesome, all right, well, thank you very much
Everyone for listening, and we will
See you next time on our next AMA
So take care, and have a great day
Have a great day, everybody