One of the top CPU's calculates out to under 3$ a day at 0$ electricity costs, if I'm running the numbers correctly. Not worth enterprising
**Monero takes mining out of picture, out of the price incentives and out of the "debate" in many ways.**
**It's something worth thinking about a bit longer** than the Monero FAQ presents. Especially relative to Bitcoin, which has miner incentives as part of it's game theory and price speculation. For example people are concerned about or speculating on what the next several halving will do to miners in Bitcoin.
In Monero it's not a concern. Propagating a culture of individual mining and node creation is.
I realize the choice to implement randomX was to decentralize mining, take asics out of the picture and allow accessible KYC free Monero, but **is there any deeper analysis on the implications ?** I feel like there's a lot to be said, just about this one design decision.
*The opposing arguments I've come across claim it makes it easier to 51% Monero because CPU's are easier for the state to purchase and run.*
Along with default privacy and Tail inflation. Monero really is something else.
I'm looking into lighting nodes, coin joins, joinmarket, swaps, tunnels, submarines, all sort of inanimate objects related to Bitcoin, and trying to do it using the best privacy channels, operating systems and hardware often leads to compatibility conflicts.
**Meanwhile Monero just works.**
It's not magic, but doing privacy wrong on it is much harder. Bitcoin has had 10 years to get easier to use and it just gets bigger and more bloated. It is better than 10 years ago, while Gold has stayed the same and fiat is getting much worse, but most of the supposed technological "improvements" i see related to Bitcoin all appear to be various shades of inter bitcoin contract and signing minutiae. yay
Monero is like iOS, and Bitcoin is like Linux, for usability.
Monero is like Silver, and Bitcoin is like Gold, in regards market positions.
Of course Ethereum is like manure, meant to recycle the wasters.
**Taking Mining out of picture, while keeping POW, is something on par with the advent of, and novelty of Bitcoin itself.**
#monero #bitcoin #altcoin #crypto #mining #satoshi #asic #halving #sat #zaps