Bitcoin Wasn’t as Anonymous as Crypto Bros Told You

I found this morning read quite interesting. I long suspected, intuitively, that a kid with a fancy Nvidia card can’t truly compete with a hedge fund with a farm of 100,000+ processors in the crypto mining game. Turns out there are several peer-reviewed studies documenting just that.

Sure, the kid may eek out some coins, but several orders of magnitude less than the hedge fund using their superior pre-existing computing resources. Speaking of that, if you take into account the true cost to mining (computer, video card, electricity, rent that should be charged for room, time, etc.), the profit gap between pros and amateurs is assuredly much wider.

May this article encourage us to be mindful of the distinction between what is and what is perceived.

-Dr. Moore

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