All Questions
Tagged with decentralization mining-profitability
7 questions
9
votes
2
answers
1k
views
How would faster blocks cause mining centralization?
I've heard that faster blocks would cause mining to become more centralized. How do these things fit together?
- 77.8k
4
votes
4
answers
1k
views
Why is Bitcoin not moving to an ASIC-resistant Proof of Work algorithm?
Bitcoin uses a Proof of Work algorithm that makes it the perfect victim of ASIC mining. As a result, hash power is not very decentralized (more than 50% of Bitcoin's hash power is concentrated in ...
- 419
3
votes
2
answers
542
views
Are the bitcoin miners decreasing in quantity and increasing in size?
From what I am learning about bitcoin, the mining process is becoming exponentially difficult and hence exponentially more expensive (or at least more expensive), as people need more physical ...
- 145
14
votes
2
answers
4k
views
Is Lightning Network a risk for Bitcoin security since it reduces miner fees?
does LN represent a risk for the Bitcoin ecosystem since it will reduce miner fees (the only income they'll have in a post-btc-minting world) and displace them into second layers?
I couldn't find any ...
- 592
1
vote
1
answer
166
views
Embedding P2Pool technology in Bitcoin Core
As far as I understand, P2Pool is a way to decentralize mining. I don't know all the details, but it allows to distribute the mining rewards by the parties involved, fairly and without a centralized ...
- 5,242
15
votes
1
answer
664
views
How will bitcoin stay decentralized when mining becomes extremely expensive?
My understanding of bitcoin is that the miners are the ones keeping bitcoin decentralized. What happens when only the richest of people can afford mining?
- 169
5
votes
1
answer
172
views
Incentive for mining by regular users
Most of the time that a regular user gets introduced to the concept of mining, they're immediately non-incentivized by the community and also by the high-cost of hardware compared to the actual reward....
- 5,242