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Title: How do you think the current state of the Crypto-currency is correlated with... Post by: Erlan1 on July 29, 2017, 11:57:34 AM hi, everybody How do you think the current state of the Crypto-currency is correlated with the insufficient number of miners? Or the reason for the crochet in another ... Title: Re: How do you think the current state of the Crypto-currency is correlated with... Post by: realdeanz on July 29, 2017, 06:12:42 PM On the contrary, there are too many miners.
Title: Re: How do you think the current state of the Crypto-currency is correlated with... Post by: kolloh on July 29, 2017, 06:36:42 PM On the contrary, there are too many miners. Why so? I think we have enough miners to sustain the transactions on the block chain, and enough miners that profits from mining are decent. I don't think Bitcoin mining is really profitable unless you have a dedicated farm of ASICs and cheap power/cooling. What we really need is more decentralized miners and less mining power in the hands of specific people. Title: Re: How do you think the current state of the Crypto-currency is correlated with... Post by: mk4 on July 30, 2017, 01:08:46 AM On the contrary, there are too many miners. Why so? I think we have enough miners to sustain the transactions on the block chain, and enough miners that profits from mining are decent. I don't think Bitcoin mining is really profitable unless you have a dedicated farm of ASICs and cheap power/cooling. What we really need is more decentralized miners and less mining power in the hands of specific people. Yea definitely less profitable for those casual miners. I think there's pretty much nothing we can do to fix that problem though, as there are lots of big time miners that has like hundreds and thousands of ASICs/antminers/etc. Title: Re: How do you think the current state of the Crypto-currency is correlated with... Post by: thinkpad99 on October 02, 2017, 04:37:39 PM hi, everybody How do you think the current state of the Crypto-currency is correlated with the insufficient number of miners? Or the reason for the crochet in another ... When it comes to beginner lone miners, there are no major benefits in the long run, but over time it is heavily involved in the ability to achieve more mutual help from different organizations. Title: Re: How do you think the current state of the Crypto-currency is correlated with... Post by: sabbathhawk on October 02, 2017, 05:19:29 PM when ethereum will move to proof of stake algorithm we will have a lot of free miners without a work... So they will need to jump to other coins
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