- What’s the minimum % of total hashrate that a miner/pool needs in order to be economically viable long term?
- Luke Dashjr says 1%, which if accurate, means there would be less than 100 miners/pools. Is less than 100 sufficiently decentralized?
Discussion
I would say yes, less than 100 mining pools could be considered decentralized if template creation is decentralized.
At the moment, it appears that one entity controls the majority of the template creation. Software like Stratum v2 and strategies like Ocean’s with template choices are a step in the right direction.