What's your opinion? Will it further centralize or sooner or later some new players (like BRICS+) will push towards decentralization of the mining?
https://bitcoinist.com/data-shows-50-of-bitcoin-hashrate-controlled-by-two-mining-pools/
What's your opinion? Will it further centralize or sooner or later some new players (like BRICS+) will push towards decentralization of the mining?
https://bitcoinist.com/data-shows-50-of-bitcoin-hashrate-controlled-by-two-mining-pools/
The only honest opinion is that it’s already far too aggregated.
Nobody can look at this and be happy about it. Almost a single handshake away from 51%?
cmom man, mining pools , not 2 miners , not a single handshake away, its a lot of individual miners the have to collude and can switch pools with one different login on 5 seconds, you are falling for a narrative. it can be better, will improve with stratum v2 , but it´s not the end of the world.
You’re conflating what I said and making assumptions about what I think.
Would you prefer a world with 20 equal sized mining pools, or a world with 1 mining pool that had 70% of hash all pointed at same node and same block?
Is one of these worlds more robust, or are they absolutely equal?
This is lazy thinking. Mining machines are not "hostages" of mining pools. The hash power is far more decentralized than anyone could imagine. These are "real" resources that cannot easily be captured. Hash power is unbounded.
If someone would make them a bit cheaper, id have like 6 running by now. It's just gonna take a while to pay them off at these prices and rates.
new players will come along, just like foundry came to fix a problem for north american miners, there will be new pools that tackles problems from south american/african miners.