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by ShinyRice 2346 days ago
Miners didn't move to better cards, they moved to ASICs. Once the currency is too hard for a consumer GPU to mine, miners move to specialized hardware which is far better at mining. When mining gets even harder, the only way it can be done profitably is to set up entire farms of chips that mine away, and that's a serious amount of cash at this point, far beyond a 1200 dollar card. By this point, mining is pretty much over for the rest of us mortals.
1 comments

Which just goes to prove that the emperor is wearing no clothes: The vision of democratized crypto mining has not been realized. Instead of millions of people collectively holding the network in check, the mining power is being centralized by big key players. It's only a matter of time until the mining power has centralized enough to where the network can be sabotaged and taken over by whichever party is mining more than 50% of the work.