The quest for cheap power can accidentally centralize Bitcoin Mining. Publishing this today so we can stay alert on this issue. Without the network, there is no Bitcoin afterall.

Reply to this note

Please Login to reply.

Discussion

My uneducated opinion is that bitcoin mining doesn't always have to be profitable. If worried about decentralization, plebs can always have a small miner (water heater, for example), at home, in every home, that will decentralize mining without necessarily having to be "profitable".

Good point about the water and home heater. I remember seeing an advertisement for "Heatbit" a home heater. I will start running this along with Apollo BTC (desktop miner/compact size) to support the network. The decentralization has to be maintained anyway possible. Thanks for sharing your thoughts :)