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Title: Bitcoin is dead as decentralized? Post by: Vika NSFW on March 21, 2016, 08:58:55 AM How is distribuited the mining capacity of Bitcoin in this moment?
Title: Re: Bitcoin is dead as decentralized? Post by: Amph on March 21, 2016, 11:03:03 AM 65% to chinese https://blockchain.info/pools
no pool is at 51% so this can be considered decentralized enough, expecting that the hashrate is perfectly and equally distributed among each person in the world dedicated to the mining, is an utopia... Title: Re: Bitcoin is dead as decentralized? Post by: Vika NSFW on March 21, 2016, 11:20:23 AM this can be considered decentralized enough How much places like this are existing? https://www.youtube.com/watch?v=ELA91d_mx80 Title: Re: Bitcoin is dead as decentralized? Post by: Amph on March 21, 2016, 12:30:18 PM this can be considered decentralized enough How much places like this are existing? https://www.youtube.com/watch?v=ELA91d_mx80 i think that video is old enough that it's not paints well, the real megafarm that are built in china, that farm is a joke in comparison now there are megafarm of 100 peta and more in china Title: Re: Bitcoin is dead as decentralized? Post by: Vika NSFW on March 21, 2016, 12:37:19 PM now there are megafarm of 100 peta and more in china Exactly, i'm about, that only few people could to have a big part of mining capacity in confront of who mine with under $100.000. miners. Title: Re: Bitcoin is dead as decentralized? Post by: Slark on March 21, 2016, 12:52:29 PM As long as there will be freedom to mine as much as you like and have as much hashing power as you could afford we will have huge mining farms.
That is the reality. The same as we have very rich people and bunch of poor ones. Bitcoin/altcoins are no different that life. We could code a coin and include a mechanism than prevent large centralized pools and farms from mining. Is that possible? Title: Re: Bitcoin is dead as decentralized? Post by: Vika NSFW on March 21, 2016, 01:03:33 PM We could code a coin and include a mechanism than prevent large centralized pools and farms from mining. Is that possible? This is just realized in Ethereum, if i have understand it right. Title: Re: Bitcoin is dead as decentralized? Post by: Amph on March 21, 2016, 02:43:29 PM We could code a coin and include a mechanism than prevent large centralized pools and farms from mining. Is that possible? This is just realized in Ethereum, if i have understand it right. no that is only asic resistant not decentralization, if you want a coin that prevent pool from being efficient you need look no further than spreadcoin Title: Re: Bitcoin is dead as decentralized? Post by: Vika NSFW on March 21, 2016, 03:06:36 PM no that is only asic resistant not decentralization, if you want a coin that prevent pool from being efficient you need look no further than spreadcoin All, who concentrate great capacity of mining are with asic's, so this is a answer to decentralization problems. I need study it better. Title: Re: Bitcoin is dead as decentralized? Post by: Kprawn on March 21, 2016, 03:27:53 PM Nobody knows with 100% certainty, who the owners of these pools are and where they are operating from... There are still some large American Bitcoin farms out there, but
from what I have picked up, many are not profitable and might need to close shop after the Halving. The Chinese operations have the advantage with cheap electricity and if a country outside of China could provide subsidized electricity for mining, they might draw a lot of income their way. A country with cold temperatures like, Alaska or Iceland or even Canada. ::) |