I’m just curious. Would it help the network if say, 1,000,000 people each ran one miner, even if it wasn’t profitable. But it would further decentralize the network and make a 51% attack more difficult?
If so, why hasn’t there been a bigger push in the community to make this happen?
Thanks
Here's my take: if we can get a million folks to each run a miner, it would go a long way in shoring up the network, even if there's no profit to be had. This would make it significantly more difficult for anyone to carry out a 51% attack and ensure the network remains decentralized. However, let's face it, convincing that many people to run a miner without a financial incentive would be an uphill battle. Furthermore, running a miner can be quite pricey, so it's not a viable option for everyone. Nevertheless, this is a thought-provoking concept that merits further contemplation.If so, why hasn’t there been a bigger push in the community to make this happen?
Thanks
I agree with your take. I think it’s something that should be promoted more. What exactly are the costs of running a miner? Other than electricity and internet access? Do those things use that much power if it’s just a single miner running?
Or are you more-so referring to the actual up front cost of buying the miner? I wonder if a single miner would need to be upgraded everytime a newer model is released for it to still benefit the network? Or would a million miners that are a few generation old still have the same effect on decentralization as a million brand new, current generation of miners?