Mining pools help decentralize bitcoin

[adamstgBit]

pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.

[Outlander]

pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.

The problem is that the small miners are only geting small profits and enen cannot sustain the electricity coist. How could they still mine?

[Undermood]

It is meaningless. Bitcoin mining goes to industrical scale.  The one that has cheap electricity and high efficient asic miners will make profits.

[Amph]

pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.

The problem is that the small miners are only geting small profits and enen cannot sustain the electricity coist. How could they still mine?

one way could be by hosting or ctrusted cloud service, they are there for this exactly reason, casual mining is not feasible anymore, but decentralization is still vastly possible

i think there should be more hosting service if we want to help decentralization, those that have the best electricity cost, should help the other by providing good hosting, even a small profit could encourage the growth of more small miners

[Cashew]

pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.

The problem is that the small miners are only geting small profits and enen cannot sustain the electricity coist. How could they still mine?

one way could be by hosting or ctrusted cloud service, they are there for this exactly reason, casual mining is not feasible anymore, but decentralization is still vastly possible

i think there should be more hosting service if we want to help decentralization, those that have the best electricity cost, should help the other by providing good hosting, even a small profit could encourage the growth of more small miners

As the difficulty increases, the cloud mining providers' profit margin becomes squeezed, so the ROI of investing in the cloudmining contracts  becomes impossible!

[Hazir]

pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.

It is not that you have any choice now to be a solo miner. Solo mining requires a lot of hashpower and is not for the easy to setup.
1. While in pool mining you will get paid everyday, in solo there is no guarantee that you will earn anything if you are unlucky.
2. Pool mining requires almost no knowledge about mining setup you leave most of the headaches to the pool admin.

Solo mining is only possible if you have tremendous hardware and are technically skilled enough to setup your own pool it is not really choice anymore, it is necessity.

[Amph]

pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.

The problem is that the small miners are only geting small profits and enen cannot sustain the electricity coist. How could they still mine?

one way could be by hosting or ctrusted cloud service, they are there for this exactly reason, casual mining is not feasible anymore, but decentralization is still vastly possible

i think there should be more hosting service if we want to help decentralization, those that have the best electricity cost, should help the other by providing good hosting, even a small profit could encourage the growth of more small miners

As the difficulty increases, the cloud mining providers' profit margin becomes squeezed, so the ROI of investing in the cloudmining contracts  becomes impossible!

well but the diff in theory should increase too, otherwise no miners out there will make profit no matter his/her electricity, for now there is profit to be made, the problem is that ROI is too long to accomplish