This is an excellent primer on mining bitcoin, whether or not you’re seriously considering it. Braiins
, the publisher, is a bitcoin mining solutions company that provides both hardware and software for mining. The article provides an overview on the economics of bitcoin mining, why mining pools are the dominant players in the industry today, and even how to source your own hardware if you’re thinking of mining at home.
from Galaxy Digital penned this article on the key economic drivers in bitcoin mining. Whereas the first article above lightly touches on the economics of bitcoin mining—focusing much more on how to actually get started—this article provides a deeper dive into what determines whether or not a miner will be profitable. He also crisply explains what differentiates bitcoin from other physical commodities, like gold, and what makes them similar.
What’s more important in crypto: scalability or decentralization? Kyle Samani, co-founder of Multicoin Capital, argues that it’s the former for decentralized finance (a.k.a. “DeFi”). The footnote here is that a protocol must still be sufficiently
decentralized, otherwise it’s not truly DeFi. Regardless, it’s always interesting to read how professional investors like Kyle think about the crypto space. And when you finish reading, you’ll realize that this is really a pro-Solana
investment thesis in disguise. Still worth a read.