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Author Topic: Research shows it is hard to make money with bitcoin mining  (Read 913 times)
mikeywith
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February 10, 2019, 02:52:30 AM
 #21

Well, I can tell you that it is quite hard to get research peer reviewed and published in an academic journal. One of my goals a couple of years ago was to get the academic world to take crypto seriously and get something published.

Looking at the investments people make without really looking into the risk, makes it clear that a lot of people assume it is easy money. I don't like to assume too much and study the data. Smiley

don't get "us" wrong, i mean we as miners do not need any published paper to know about something the we already have personal experience with, it's like going to a group of doctors to tell him something basic like how important vitamin D is  Grin

make no mistake, i have read the paper and honestly that's an amazing job you did right there,to anyone who is not an experienced miner ( or a doctor in my example) will differently find these info very valuable. your effort are highly appropriated.

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February 11, 2019, 08:15:53 AM
Last edit: February 11, 2019, 11:52:21 PM by frodocooper
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 #22

don't get "us" wrong, i mean we as miners do not need any published paper to know about something the we already have personal experience with, it's like going to a group of doctors to tell him something basic like how important vitamin D is  Grin

make no mistake, i have read the paper and honestly that's an amazing job you did right there,to anyone who is not an experienced miner ( or a doctor in my example) will differently find these info very valuable. your effort are highly appropriated.

Thanks for your nice comment. Most science seems like common sense, but on the other hand, up until recently most doctors assumed bloodletting was an awesome technique to get people back on their feet Cheesy

I hope my research will be a good basis to compare mining techniques to each other on a cost/benefit basis. You have to start somewhere.

Co-Founder and Managing Partner of Block Bastards
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