Bitcoin mining is centralized and it’s only getting worse 
Discussion
Preach it.
What’s the solution?
Ocean is an attempt to improve upon the status quo.
1) Ocean and Ocean clones (must be very carefully executed)
2) Supposedly StratumV2
StratumV2. Would be great! Someday!
The solution is to ignore the fear-mongerings. There are many nation states involved in mining now. Also, no miner is stupid enough to waste huge amounts of money on rigs and Infrastructure only to then fuck with the network that pays them for a short period of time.
It's not the amount of mining equipment that matters, it's the mining nodes literally creating blocks.
That won’t last. Beauty of the difficulty adjustment is that mining finds its way to small, cheap, waste energy.
500-1000MW bitcoin mining facilities will not be profitable in 6 years. Waste energy doesn’t come in those sizes…
If we do nothing, it will get worse.
Just buy and hodl bitcoin…the difficulty adjustment will take care of the rest.
Difficulty has 0 to do with this
I disagree. Difficulty impacts profitability. Profitability is dependent on price paid for electricity. Cheap electricity isn’t centralized.
What? This isn’t about cheap electricity either. This is about who controls block template generation. No matter how many miners are online, that is an issue.
Centralization isn’t a problem until it is … and I’m pretty confident that miners at scale aren’t going to put their profitability / future profitability at risk if the overall hashrate starts to consolidate too much with any one pool / template. They’ll move / diversify hashrate
Ya that’s a hard train to slow down
Check out #osmu open source miners United. You too can help in the decentralization.
nostr:npub1ql2zzp3g6yndgz05js7wdc4qkr88wkyne5nw2cc7csrtzqs0yeesgwrxya might have something to say about that…