Bayside Corporation (BYSD)

[Texas AM17]

In a perfect world where mining difficulty was lower, bitcoin prices were higher and a warehouse full of mining rigs could be run by one man, Dino the owner of North America’s largest bitcoin mining operation, could be earning $8m a month.

However, just like reports of bitcoin’s death, reports of Dino personal earnings are, unfortunately for him, exaggerated.

With the mainstream media continuing to paint bitcoin as a modern-day gold rush, Dino's rags-to-riches story has been of particular interest, even if it hasn’t always been put in the proper context.

To be fair, though, estimates of his potential earnings don’t seem unlikely when you consider he went from driving a $300 Honda to presiding over a million-dollar company in just under a year, and that bitcoin mining is still widely misunderstood.

Still, when the facts are examined, Dino's business is no less impressive.

To get to the truth of his story, CoinDesk spoke to Dino's about the increased attention his Washington-based warehouse operation (he won’t reveal the exact location) is receiving, how he built the company and how it earned $8m a month when bitcoin prices were near their peak.

Dino's summed up his transition, saying: