A Conversation On Crypto-Currency Mining With Jimmy Thommes of Bit Capital Group Chicago, Illinois, USA June 2019


This meetup is about a conversation on crypto-currency mining. Blockchain Development is an effective way to link, secure growing list of records using cryptography. One of the key components of blockchain technology is called cryptography.  If you would like to get more knowledge about blockchain, you should join this event.   

“Cryptography shifts the balance of power from those with a monopoly on violence to those who comprehend mathematics and security design.”

Cryptocurrency Mining Meetup Description

Bitcoin is a cryptocurrency and Blockchain is the technology that base of it. A cryptocurrency is a mention to a digital coin that runs on a Blockchain. A cryptocurrency is a medium of exchange like normal currencies but designed for the purpose of exchanging digital information. Cryptocurrency mining is a process in which transactions for different forms of cryptocurrency are verified and added to the Blockchain digital ledger.

Cryptocurrency mining is a process by new coins is introduced into the accessible moving supply, as well as a process used to secure the network that the coins operate on. The users, who supply a coin, are known as miners. Therefore, alternatively of having an inner authority that produces and secures the money supply, this is reaching out across the network.

What are Blockchain Experts going to discuss in this Cryptocurrency mining event?

  • What is Cryptocurrency mining and how does it work?
  • Is Cryptocurrency mining legal?
  • What is the purpose of Cryptocurrency Mining?
  • What are the advantages of Cryptocurrency Mining?
  • Which is the easiest Cryptocurrency to mine?
  • How does crypto mining work?

What Blockchain Experts  Will Do In a Meetup?

In this meetup, we will discuss on Cryptocurrency mining. First of all, networking and introduction will be conducted along with participant then a conversation with speaker Jimmy Thommes. End of the event you share your question and query regarding that and get more related solutions for the same.  


Jimmy Thommes (Co-Founder of Bit Capital Group)

Jimmy Thommes is co-founder and COO of Bitcap.co. They are a mid-sized GPU-based mining/hosting firm in Washington State, US with hundreds of workers currently under management mining various Blockchain. (Shameless plug: they currently have a few spots remaining to host if you currently have hardware looking for a home.) He has been in the space as a hobbyist since late 2014, and professionally since early 2016. Over the last 5 years, he had the privilege of mining Ethereum and Zcash’s Genesis block, but also witnessed firsthand the Mt. Gox and the DAO trainwrecks. Given the highs and lows, he thinks 2019 will be a huge year for GPU miners, and ProgPoW has the potential to play a large role. It is a demand for technology, competitors, or time that has made experts raising the question of why Ethereum should adopt porgPoW as early as possible?


Darren H. (Organizer)
Ron D. (Co-Organizer)
LaTaevia B. (Co-Organizer)

LaTaevia Berry, Ron Daniels, and Darren Heard have started the South Side Blockchain group. Their mission is to educate the community about the benefits of Blockchain. They envision the community becoming industry leaders within business and tech.

When & Where

Saturday, June 22, 2019
12:00 PM to 2:00 PM

1660 E 55th St · Chicago, Illinois, USA

Source URL: https://www.meetup.com/South-Side-Blockchain/events/261220042/

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