by Rushali 
The crypto space gives you ample opportunities to benefit from it, there are various ways in which you can benefit from this wide network some of which include trading, investing, holding, and the most important one Mining.
Some cryptocurrencies are not minable but, bitcoin being minable is one the best ways to benefit from it. Now, you may have questions in mind like how do you mine when the mining hardware requirements are so high?
Yes, the traditional mining process requires a lot of raw power to mine bitcoin profitably, and also the hash rate is decreasing by the passing time which makes it even more difficult to contribute to the bitcoin network and also earn some profitable income. But, there are numerous ways through which you can use your casual computer to mine some fraction of bitcoin in your free time like joining a mining pool, mining coins that don’t require the equivalent raw power etcetera, the best thing about this space is that the possibilities are practically limitless.
I will be writing another article some other day to discuss in detail the alternative ways of mining bitcoin.
Also, there are miners available which will let you mine unminable coins and store them in your wallet by using your casual computer.
Some mobile apps will let you mine cryptocurrency by using cloud computing, keep in mind it doesn’t use your mobiles CPU or GPU and doesn’t even drain your battery, they do it with the power of cloud computing because apps that use the CPU and GPU of mobile devices are banned from the play store and AppStore as it puts extreme load on your devices shortening its lifetime which costs the manufacturers of the devices.
I will write a different article discussing in detail the alternative ways to mine cryptocurrency without heavy-duty hardware and how to do it on mobile devices too.
Today we are here to discuss one personality who built his fortune by the sole process of mining bitcoin and is one of the well-known bitcoin millionaires of this planet, lets dive deep into the life of Mr. David Carlson who is considered as “The manic miner” by many mainstream media companies.
Introduction
David Carlson who is working as the principal CEO of Altered Silicon inc. as his day job nowadays, built most of his wealth using the mining process…no trading or investing he chose the straightforward way of mining cryptocurrency. Now it must be pretty obvious till now that he didn’t do casual mining on his thousand dollar gaming PC no doubt he started as a casual miner, but he turned his life around by building a humongous mining farm and made it his motive to mine as many bitcoins as he can and in fact made it his goal to contribute ten percent of the whole mining scenario of the world at any time. It did not start like this for him.
Carlson completed his formal education from the University of Washington and landed his first job in 2011 as a programmer in Trust cloud, a company that provides identity verification and background checks as a service for various marketplaces.
Moving on to the role of a Software engineer in Microsoft while in 2012.
He started mining in 2010 after understanding the bitcoin whitepaper from Satoshi Nakamoto and the potential benefit from it and to the world.
In 2011 Carlson laid the foundation for MegaBigPower, which was the largest bitcoin mining operation on the planet at a point in time. It is situated near the Columbia River in eastern Washington overloaded with chips and hardware that specializes in mining bitcoins generating some of the contributing hashing power.
He not only mined himself but also rented his hashing power to potential miners who did not want to own any huge and heavy mining rigs on their own. Carlson also took a share of others mined bitcoins along with the rent he charged, which is in my eyes a very profitable deal. In 2014, when asked in an interview he revealed that he owned 5000 bitcoins and remember it was 2014. It has been six years from then… now doubt the mining rate is reduced but you can still easily calculate how many he holds now.
In 2017 he left Megabigpower after earning a huge fortune. Carlson also worked his way as DeFi and blockchain advisor in different firms namely Play key, Neuromation, Denet network etcetera.
Carlson is also the founder and CEO of Giga Watt. inc
Also Read : Cathie woods net worth
David Carlson Networth
This is the part where you need to make guesses based on the information provided above. I gave you enough hints, David Carlson owned 5000 bitcoins in 2014 with no intention of spending them and he is still connected with the same space. Guess the networth he has now?
Okay, let me tell you…As of 2021 he holds a huge net worth of 350 million US dollars, and in which most of his recent bitcoin holdings are not included. Damn.
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