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by FlacoJones 1619 days ago
That's exactly it - hashpower consolidation does result from economies of scale.

At least looking at ASIC-resistant mining algos... it would be a hopeful future if we could get protocol-level compute and storage sharing to distributed mining pools, like https://www.nicehash.com/

Until contributing your unused compute and storage is as easy as clicking a toggle, the economies of scale will prevail.

I think crypto + ASIC resistance + seamless edge computing = the original dream of the Internet

1 comments

TL;DR Maybe regulation of massive mining cartels can have positive externalities by making distributed mining pools more profitable