The Bitcoin Infinity Show The Future of Bitcoin Mining with General Kenobi - Bitcoin Infinity Show #137
Dec 5, 2024
General Kenobi, a savvy Bitcoin mining analyst, shares his thought-provoking insights on the future of Bitcoin mining. He argues that FPPS models are on the decline and predicts that mining may not be profitable in ten years. The conversation dives into the complexities of mining pools, payout structures, and the necessity for enhanced security measures like Stratum V2. With humorous Star Wars references peppered throughout, the discussion illuminates how Bitcoin’s evolving landscape interacts with economic dynamics and community growth.
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General Kenobi Origin
- General Kenobi's pseudonym started as a simple online handle.
- It unexpectedly became his professional identity after being used in formal communications.
Early Crypto Experience
- During COVID, Kenobi studied economics and explored retirement through high-risk investments.
- He fell victim to a Ponzi scheme, losing half his net worth, a costly lesson learned young.
Proof-of-Work Epiphany
- Kenobi's Bitcoin journey began with a job at a GPU computing company, where he realized few understood Bitcoin.
- This led him to create a presentation explaining Bitcoin, during which he had a pivotal 'proof-of-work' epiphany.
