Pretty much, and I've been reporting for years. However, I really ramped up my daily reports in the last 12 months or so before getting asked if I'd like to be a moderator. I was probably hitting a 1000 on a good day (or bad depending how you see it). At one point I was literally waking up, and putting in a hour before work, and then a few hours before bed. I pretty much made it my unofficial job to clear up all the shit that was getting posted. This was during a time where spam was everywhere you looked because of the popularity of Bitcoin back then. Handling reports takes a lot more time than making reports though, because I didn't really care for accuracy back then, and now I've got to do proper research before handling a report to avoid as many issues as possible, and of course we still make mistakes.
I guess it was also the fact that I was reporting a lot of reports within a timezone needed, and a section that needed extra moderating. I still think there's a few sections which require a bit more moderation (Bitcoin Discussion etc). However, with the recent bumping changes, and a few things my end which have kept me busy the last few months I'm hoping that the Altcoin section will see a great improvement. The rest of the staff have been carrying that section recently