Every month, this real estate investor mines more than $110,000 in Bitcoin as a side venture.

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 Every month, this real estate investor mines more than $110,000 in Bitcoin as a side venture.

  • Eng Taing is in the money-making industry.

He owns his own private equity business, according to his website, with $250 million in assets under management, invests in real estate, and worked at Apple in data science and analytics — and he got into bitcoin in 2013, long before it was trendy to make even a passive bet on the crypto asset class.


Taing now owns and operates 261 personal mining equipment that produce the world's most popular digital currency.


  • "All I care about is generating money," Taing told CNBC.

"I put a lot of money into a lot of things." I own a number of residential complexes as well as senior care facilities. "I have GPU mines," says the narrator.


  • From 'plebs' in the mining industry to billions

Clients of Compass range from self-described "plebs" who stack satoshis, or "sats," the lowest denomination of bitcoin, to wealthy bitcoiner Jack Dorsey.


Jon McClelln, an AT&T lobbyist headquartered in Texas, is one of those peons. He presently owns a single bitcoin miner, which he acquired from Compass in Oklahoma towards the end of 2020. Part of his motivation to mine is ideological, and part is pecuniary.


"I wanted to do my part to safeguard the bitcoin network — have my own hashrate, under my own control," McClellan said, referring to his portion of the global network's collective computer power.





Location: 5Q6QHM5M+X5

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