GBMiners Founder Amit Bhardwaj shares his love for coffee and Bitcoin
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A small yet detailed chat session with one of the highly emerging Bitcoin entrepreneurs from India.
It is a rare small break for the entrepreneur. The board meeting has just been delayed for 15 minutes, giving us the opportunity to finally grab that much sought-after Skype appointment. We were waiting for a week to speak to Amit Bhardwaj, the founder of GBMiners, now one of the world’s highly emerging Bitcoin mining companies.
A formal introduction leads us inside the world of Bhardwaj, giving us an apt look at his visions of pushing Bitcoin as the next-big phenomenon in India, a country which is still recovering from the shock of demonetisation. He admits that he had found Bitcoin three years back, in times when he had left a handsomely paying job at Infosys — India’s leading IT services company — in pursuance of his technologically creative desires.
Somebody on screen brings him a big mug of something. “And this is my all time favourite desire,” he jokes, “a hot mug of cappuccino.” We ask if he has ever paid for coffee in Bitcoin. ‘Give me a day and it might happen,’ he replies quickly. This man really has a roadmap in mind, we think.
We pick again about his early days in Bitcoin sector, and he admits being drawn to it from Day-One. Bhardwaj tells us how he thought of becoming a solo Bitcoin miner initially, and thereafter set up a private farm right at his home. While it was a profitable task altogether, the increasing mining difficult chopped revenues with each passing day.
“Expansion has been the only logical option,” Bhardwaj adds.
It was when he met like-minded people in the Indian Bitcoin industry, following which the idea of GBMiners came to life.
The Bitcoin mining company, which had mined his first block back in August 2016, has emerged sharply in the recent months. GBMiners is now the only representation from India in the global Bitcoin mining network, with almost 5% — roughly 86.62 PH/s — of the overall hashpower rate evidencing towards it.
Bhardwaj recently invested an undisclosed sum into GBMiners, a step he claims will add support for more currencies on their mining pool. Indian investors are already jumping at the investment opportunities available at the company, by pooling money to support GBMiners’ mining operations.
We see flashes of child-like enthusiasm about Bitcoin and a sharp vision as Bhardwaj explains,
“This is the best time for us Indians to participate in the Bitcoin and blockchain revolution. We are seeding a great investment opportunity for all, and this could be there best benefit of having a huge blank slate of a completely new industry.”
And we understand what he means by it. Economy is slipping into an alert state ever since the India’s Prime Minister Narendra Modi has declared to ban 500- and 1000-rupee banknotes. With investment taking a bearish downturn in real estate and jewellery sector — two of the most favourites investment options in Indian markets — there is a dire need for other investment alternatives that are independent from government policies. Bitcoin rings the bell!
“Once the chain reaction reaches its critical mass,” Bhardwaj continues, “we’ll be prepared with our products.”
Products? Did we hear plural?
“Yes!” Bhardwaj smirks as he adds, “I am soon launching CoinBank, a Bitcoin wallet, and Bitcoin Growth Fund, a startup which will offer interest on people’s bitcoin deposits.”
We would have asked more about the new founding, but the board meeting is in 5 minutes. We manage to ask about where he sees Bitcoin in the next five years. He says:
“I have a reputation for optimism among my team members, and that optimism leads me to believe, that humans often overestimate what can happen in an year or two, and always underestimate what can in 8 to 10 years.
“So i am very confident that time will certainly surprise even the optimistic me. yet i find it believable to be living in an India, where a significant percent of the population is able to conduct at least 10% of their daily transactions in digital currencies and a parallel economy exists supported by an ecosystem of products built by companies you and me haven’t heard of today, run by extremely bright kids presently in school or college.”
‘And how was the cappuccino,’ we ask.
“You’re welcome to come and find out.” Bhardwaj logs out with a smile, “I’ll see you again.”
Via: http://www.newsbtc.com/2016/12/27/gbminers-founder-amit-bhardwaj-shares-love-coffee-bitcoin/
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