For good or for ill, Ordinals increase miner fees.
Miner fees are non-kyc.
KYC bitcoin is likely to be in the crosshairs sooner rather than later
It seems to me, then:
A MINER (OF SOME SIZE) IN EVERY HOME
#plebchain
Discussion
Yeah, especially because not all miners are kyc free. A huge percentage are not
... this is news to me, unless you're talking about most mining *pools*
Hmmm. Thanks for the callout. Maybe i heard wrong cuz I’m not finding articles to support it. I thought KYC’d miners was part of the Ocean thing. AntPool did some kyc stuff (20%), but it’s not clear to me how much. I think other big names aren’t, so that’s reassuring.
I suppose thinking about miners in pools rn as actually just hash providers and the companies themselves being the only miners, and how the company employees are KYCd is how we get there.
Thoughts on mining in areas with high electricity costs?
I think there's a case to be made for FutureBit (can be noKYC) and space heaters like HeatBit or cyptocloaks -- people already paying for electricity for heat...also think we need to look to the longer term (easier said than done, I know). Even a mini-miner no KYC counts I think
Ocean is literally the only truly non kyc pool that matters right now, ordinals do not significantly increase miner fees, and certainly do not do so in fair return for the bloat it causes on the utxo set which full node runners do not get paid for which is exponential. not to mention the project is funded by joe lubin and other ant bitcoin proponents. Ordinals IS Kyc bitcoin in speedrun format
In every home? Maybe where energy is cheap or you own a nuclear power plant, nowhere else