Who needs Satoshi Nakamoto principles?

[IadixDev]

Sure it's definitely unfortunate no doubt about that. But going back to my point, there's really nothing we can do about this. If a poor person can mine through a cellphone, what's stopping a rich person from mining through a thousand cellphones? If a poor person can start one business, what's stopping a rich person from opening a hundred businesses that can rival the poor person's business? Just examples. Unless you're going to KYC every single miner so  you can really know that you're limiting your users to a number of devices to limit the hashrate they're using, you really can't fix this, especially in a decentralized manner.

Already if he needs to buy 1000 smartphones to have 1000x the power of a smartphone its a win compared to scale effect of mining farm.

The cost/hash is totally unfair between ASIC/mining farm and common hardware today. If the cost/hash stay more linear with the investment cost its already something.

After its doesnt necessarily mean the network is "more secure" or more efficient compared to having centralized mining farm with the lowest cost/hash possible, with all the enterprise strategy behind each transistor for this dedicated purpose.

Even to me it seems making it less scalable in term of cost/hash will decrease the total hash power for a given block reward, but its also what can make it more profitable for those with small non scalable computers, who are not necessarily going to invest much into bitcoin or xcoin either.

[flamehowk]

You sure this is correct ?

The stratum protocol add more nonces in the coinbase tx, with one unique nonce per worker, and the rolling happen in another nonce, the two are in the coinbase tx, additionally to the block header nonce.

All miners works on a full range nonce2, and have a unique nonce1 in the coinbase. So They all work on slightly different blocks with a full 32bits nonce range.

Not sure it affects the decentralisation principle or the main reasonning though

Absolutely sure. It doesn't matter how much nonce is used during hashing. The main point. In my algorithm for EVERY miner, there is a cyclic range of values ​​that he needs to sort out. Therefore, the pool does not bring benefits. It is very important that this range is FIXED for each new hash. In the case of Bitcoin, this range is one for all. Even if you have selected a small part in it, it allows you to distribute the calculations on several machines, dividing this range into parts. But in my algorithm there is nothing to distribute and separate. Each checks ONLY his own range.

You're a newbie and clearly don't understand the point of mining. Hint: it's not creation of new coins, that's just a nice little side effect. The point of mining is synchronizing the network in such way that cheating is impossible, because it's unsustainable. It really doesn't matter how many entities are mining, they have no choice but to follow the rules of the network and don't try to cheat with forks. In fact, one CPU - one vote is less secure, because its easy to create botnets and attack the network for free with stolen hashpower.

Oh, judging by your words, you are a "newbie."
You have the status of "legendary", but for all these years you still could not figure out what and how it works. And most importantly - you did not understand why Bitcoin was created at all.
Accept my sympathy.

Sure it's definitely unfortunate no doubt about that. But going back to my point, there's really nothing we can do about this. If a poor person can mine through a cellphone, what's stopping a rich person from mining through a thousand cellphones? If a poor person can start one business, what's stopping a rich person from opening a hundred businesses that can rival the poor person's business? Just examples. Unless you're going to KYC every single miner so  you can really know that you're limiting your users to a number of devices to limit the hashrate they're using, you really can't fix this, especially in a decentralized manner.

It seems you do not want to understand the main thing. Well, I will try to explain as accessible as possible ...

Now only rich people can mine Bitcoin. ONLY THE RICH !!! And the poor can not !!!
Do you understand?
That is, the RICH now interfere with the POOR.

My suggestion is NOT that the rich have no right to buy 1000 computers and mine 1000 coins. My suggestion is that BOTH - the rich AND the poor have the opportunity to mine bitcoins.
Do you understand or not?

Why not tell us more about yourself here? Create a thread about yourself, your educational background and post it in the Project Development board. Your idea is a noble one. But I do see some problems with this concept. What if tomorrow AMD and Intel decided to hike up their CPU prices? The mining again will get out from the reach of the "poor". Basically you can't control the top 1% they will always end up in the power as they have the means to do so... Just look at the GPU shortages as an example. During the peak, the GPUs were going for almost double the standard price and it can happen with CPUs as well, that's what essentially happens in "Free-Markets". Supply and demand dictate the price. Even if you made your algorithms only to work on P4 (Pentium 4), The rich will get their hands on more P4s and we will end up in a similar situation. Some of my suggestions will be to create a milestone list, get an escrow a trusted one from the forum and let them handle your donations. So that they will release the donations once you reach your listed milestones. Again Good luck!

Yes, I will do as you say.

As for the processors. In fact, the problem is that no one wants to create their own product, everyone is used to being lazy. Everyone just wants to go to the store and buy. But Intel is not lazy - they do. Therefore, they can set market rules and dictate prices.
I have developed a CPU with a more productive architecture since 2004, then I won the first round of the inventors' competition in my country. But she is not interesting to anyone. Nobody wants to invest in this. And I'm too poor to pull such a project alone.
Want fast and cheap processors? No question - I have something to offer. Although at the moment, I would like to continue working on my neural processor - this topic is more interesting to me and it is more in demand on the market. Especially because there are no analogues in the world. (Do not consider tensor accelerators - this is not a neural processor).

[mk4]

Sure it's definitely unfortunate no doubt about that. But going back to my point, there's really nothing we can do about this. If a poor person can mine through a cellphone, what's stopping a rich person from mining through a thousand cellphones? If a poor person can start one business, what's stopping a rich person from opening a hundred businesses that can rival the poor person's business? Just examples. Unless you're going to KYC every single miner so  you can really know that you're limiting your users to a number of devices to limit the hashrate they're using, you really can't fix this, especially in a decentralized manner.

It seems you do not want to understand the main thing. Well, I will try to explain as accessible as possible ...

Now only rich people can mine Bitcoin. ONLY THE RICH !!! And the poor can not !!!
Do you understand?
That is, the RICH now interfere with the POOR.

My suggestion is NOT that the rich have no right to buy 1000 computers and mine 1000 coins. My suggestion is that BOTH - the rich AND the poor have the opportunity to mine bitcoins.
Do you understand or not?

Jeebus. Wasn't what I said clear enough? I never said that the rich and the poor shouldn't have equal opportunity to mine bitcoin. Re-read what I said. The rich will almost ALWAYS have better opportunities than the poor. That's how LIFE works; especially talking about decentralization. Yes, I don't like it either, but there's almost no way to circumvent this.

P.S. Also, the poor can still mine bitcoin. Just mostly not through home computers and most definitely not on smartphones. They just need better hardware and they need to be in a country with cheap enough electricity.

[IadixDev]

You sure this is correct ?

The stratum protocol add more nonces in the coinbase tx, with one unique nonce per worker, and the rolling happen in another nonce, the two are in the coinbase tx, additionally to the block header nonce.

All miners works on a full range nonce2, and have a unique nonce1 in the coinbase. So They all work on slightly different blocks with a full 32bits nonce range.

Not sure it affects the decentralisation principle or the main reasonning though

Absolutely sure. It doesn't matter how much nonce is used during hashing. The main point. In my algorithm for EVERY miner, there is a cyclic range of values ​​that he needs to sort out. Therefore, the pool does not bring benefits. It is very important that this range is FIXED for each new hash. In the case of Bitcoin, this range is one for all. Even if you have selected a small part in it, it allows you to distribute the calculations on several machines, dividing this range into parts. But in my algorithm there is nothing to distribute and separate. Each checks ONLY his own range.

I think in this sense i understand, stratum just offer a bigger range to distribute over many miners, but with your algorithm its not possible to partition the work between different miners like a pool does. Not sure how much it affects the chance of finding a block for small miners but ok.

Pools can be a good thing too no ? They also allow small miners to earn more regulary no ?

[flamehowk]

My story.

My name is Vitaliy Viktorovich Monastyrskiy. I was born in the USSR in 1977. My father was a World War II veteran. In this war, he was seriously injured and became disabled. Therefore, he had a lot of time and opportunity to engage in my development and education. When I was 1.5 years old, he taught me to read and count. At 3 years old, I already knew how to compose poetry. At 4, I learned to solve various mathematical and logical problems. Since then, I have loved the exact sciences.
In 1984, I entered the Lyceum of Information Technology. At the Lyceum we studied computer science, algorithmic language, DOS operating system, programming languages Basic and Pascal. I took part in olympiads in physics, mathematics and programming, I won chess tournaments. In 1990, I was the representative of my republic at the international conference of pioneer children, which was held in Artek. Then I thought that my life was determined and the future was known. I planned to engage in theoretical nuclear physics and become a famous scientist ...
But life turned out differently.
In 1991, when I was still studying at the Lyceum, the USSR was destroyed. In my country, poverty and hunger have come. All education became paid and was very expensive. Only the children of wealthy parents could enter good institutions and universities. Therefore, when I finished studying at the Lyceum in 1994, I had no other way and I went to work in a quarry like ordinary stonecutter. After 1 year, they took me to serve in the army. In our country, it is forced.
After the army, I again had to work in the quarries in order to survive. But I wanted to change my life and the lives of other people. Therefore, I began to develop a new ideology that would help people change their lives, global world order and save humanity from self-destruction. In the day I went to work in a quarry for a piece of bread, and in the evening I went to the library, took interesting books, studied and thought - how to change the world for the better.
In those years, my country was in a very difficult economic situation. But it allowed to earn a lot of money if you engage in banditry, steal and deceive people. I could not afford it. So I was looking for a way - how to make money honestly. Already at that time I had several inventions and I decided to take part in the competition of inventors, which was in my country in 2004. It was called "Have an Idea." I was able to win the first round of this competition and hoped that the sponsors of the competition would notice me and want to finance my inventions ...
But at the end of 2004, a revolution was made in my country. And all my plans collapsed.
Then I decided that I should finance my inventions myself. It needed a lot of money. Therefore, I began to work more to open my own business. And I began to succeed. I was able to make money and buy my own tool. Thanks to this, I was able to open my small business. I began to work for myself. At that time, I already had a car that I bought on credit, and I began to assemble my first CNC machine. I planned to start their production and sale. I thought I could work a little more and I could secure my inventions. The business developed and I even took one assistant to me ...
But in 2008, the global financial crisis began and I became bankrupt.
For many years I repaid debts to banks. There was little work and it was difficult to earn. But in 2012, things began to improve. At that time, the first 3D printers began to appear. I understood that this was a breakthrough in technology. All 3D printers were amateur at the time. Large companies also made 3D printers, but they were very expensive. I knew that anyone who could develop a cheap but very high-quality industrial-grade printer would become a millionaire. And I was able to develop such a printer, which in its characteristics could be the best at that time. I collected the last money, borrowed a part from my friends and bought components for its assembly. It seemed to me that this time I would definitely succeed, because my StartUp at that time was on the crest of a wave ...
But in 2013, a new revolution began in my country. And this time she came not alone. She took war with her.
I actively protested against the war and therefore I was sent to prison. For 2 years I was a political prisoner. During this time I sold everything that I had - business, property, housing, and special services confiscated my computer equipment.
When I was released in 2016, I had nothing - just clothes ... It's good that I had good friends who helped and settled down me to live with one of my friends.
The war continued and created an ever stronger economic crisis in the country. And I was already old, my health was undermined by hard work in the quarries and the term in prison, so I could no longer work in the quarries. I needed to come up with a way - how to quickly earn a lot of money in order to immediately solve many problems. And it was at this time that ICOs became popular ...

It was a good chance to get start-up capital in order to develop your own business. Then I decided to submit one of my developments, which could interest the crypto community on the ICO.
At first it was a stable-coin project that contained unique algorithms to solve the problems of a large blockchain, which occupied hundreds of gigabytes. I called it VenusGEET. I again asked my friends for help and they raised a small amount of money so that I could start developing this project. But when I finished making the site, the project’s symbolism and the project’s token, it was already the end of 2017, Bitcoin collapsed and at the same time funding for ICO projects stopped.
You need to understand that the project of this stable coin was not commercial and could not bring direct profit to anyone. He had a all-people orientation. Therefore, we could not collect a single cent.

Then I thought that maybe investors will become more generous if they are offered a project that will allow them to earn a lot of money in a short time. And then I submitted one of my inventions to the ICO. It was the development of the fastest Bitcoin miner in the world - the VenusMINE project. In it, I applied ideas from my processor, which I proposed back in 2004 to the competition of inventors. A technical calculation showed that these miners can be 3 times faster than Bitmain or Canaan miners.
But it was a revolutionary architecture and no one was able to understand its advantages. Therefore, all that we were able to collect was $ 5000, of which about 3000 were given by our friends and relatives, and another $ 2000 by business angels. This money allowed me to finish developing the kernel architecture and port it to Verilog code. But then things stopped, because further the project required large investments - $ 200,000, which are needed to order test chips at the factory in Taiwan. Nobody wanted to invest so much money in this project. All investors chose to donate their money to a financial pyramid called BitConnect and other fraudulent projects like Envion.
I don’t know why, but investors consider my project “scum”, although it shows an innovative idea and development. At the same time, frank fraudulent schemes that are clearly visible, which have no innovations, no inventions, no development, but only expensive advertising and empty promises, are considered by investors to be “cool projects”.
I don’t know why this is happening ... Apparently rich people who easily earned their money want to lose it just as easily.

OK.
Summarize.
My miner project was frozen due to lack of funding. My friend, who helped me do it, was forced to leave for another country to earn money. In my country, war is still going on and the economic situation is getting worse. Millions of people leave their homeland and flee to other countries in order to survive.
And now I have a choice:
or I will find financing for one of my projects,
or I will have to leave for labor emigration to a foreign country in order to survive ...

And I decided to use the last chance ...
So, I have 3 good projects.

1) This is VenusMINE - the fastest miner in the world. This project requires $ 200,000 investment. I know that no one wants to invest it, but anyway, I have to mention it, because it already exists.

2) This is a POW algorithm that can solve the problem of mining centralization. This project is not commercial; it cannot bring profit to investors. But this project can bring good to many poor people around the world.

3) FPNA - a programmable neural processor that allows you to test any architecture of neural networks. This is the technology of the future. Now, not a single large company in the world (Intel, AMD, IBM, Samsung, Google, Tesla, etc.) has been able to come to this idea. Now they make only tensor accelerators of neural networks. But this is a weak idea. There is no future for them.
I'm talking about technology that the world already needs, but which does not yet exist. Smart cars and planes need it in order to create a better autopilot. It is needed by human-like robots so that they can replace people in hard work. Ordinary gamers need it to make artificial intelligence in games look like a real person ...
And I know how to do it. I have already begun work on a behavioral model.

So, what do I need to continue working on these projects. For this, a little funding of about $ 500 per month is enough for me. If the crypto community can provide me this money, then I can continue to work on these projects.

Now you have 3 options:
1) If you hate me personally, you can just put the label "scumer" on me and forget about it.

2) If you are ready to help and do not want anything in return, you can transfer a small amount to one of my wallets. I will be very grateful for your support.

3) But if you want to take part in the creation of future technologies, you can fix your investments with the help of tokens of our project.
I propose the following scheme. Every month I will put out 500 tokens at $ 1 per token for sale. Thus, I can receive investments, but at the same time, each investor will have confirmation of their investments.
You ask - what is the use of this?
OK. I will tell. In exchange for these tokens, you can become the first recipients of the technologies that I will develop. For example, when I finish work on the bitstream for FPGA chips, you can be the first to get it and by buying an FPGA card you can start experimenting with neural networks. This is very interesting, I assure you.
Then, when we make real chips, you can get the very first PCI cards for your computers for our tokens. It will be similar to how some people bought the first computers in the 70s. Only this time you will buy the first brains for artificial intelligence.

I think such a scheme is very good. You do not need to invest a lot of money. While development is under way, a fairly small salary is for me. Token will be stable = $ 1. Every month you can see the results of the month. This will allow you to make sure that I am honest. All your deposits will be stored with you in the form of tokens, so no one will forget about your investments. You will be the first to know about the success of our startup. And you will be the first to get the right to test products, prototypes and real samples.

OK.

Now you need proof that I am a real person. To do this, I’ll shoot a short video where I will show all my documents and give confirmation that this is my project. OK?

You also need evidence that I can really do what I say. To do this, I will post here my kernel source files for VenusMINE. You will see that I did not spend the money of investors in vain. I did a great job - there are 25130 lines of code. And it works!
I will also post my algorithm code for POW. However, for this I need a little time, since my code is now in a messy form. You must understand - this is working code. I will collect it together, give comments and post it as soon as it is ready. OK?

I think my offer is honest and open. As soon as I post the POW code, you will have everything you need to decide whether you will finance my development or not.

[flamehowk]

Ok This is the source code of my miner core. You can make sure.
I’ll take off the video now, post it on YouTube and give a link ...

https://drive.google.com/file/d/1lN33I01WPafyQy8mJ3Pa1sC6jauDPmqM/view?usp=sharing

[Youghoor]

As we all know, mining is now completely centralized.

First and foremost, I don't really think I agree with you on the argument that mining is centralized. Do you really understand how the entire system of mining works ? please you need to eleborate the basic reasons why you thing is centralized in the first place. Because I think a lot of people on this forum wanna know what exactly you have seen to finally conclude on this.

[flamehowk]

Myself introduce.
https://www.youtube.com/watch?v=MN5lilgqm9E&feature=youtu.be

[flamehowk]

First and foremost, I don't really think I agree with you on the argument that mining is centralized. Do you really understand how the entire system of mining works ? please you need to eleborate the basic reasons why you thing is centralized in the first place. Because I think a lot of people on this forum wanna know what exactly you have seen to finally conclude on this.

It’s hard for me to understand what you cannot understand in the word “centralization”. All mining is in the hands of a small group of very wealthy farmers. Farmers are controlled by the government of the country in which their mining farms are located. The governments of different countries are controlled by the international government. This is centralization.
So that mining is not called centralized, it must be decentralized. Decentralized mining is when anyone can participate in mining using their own computer or smartphone. This cannot be controlled. The government here is powerless.

If you do not agree with this, I can do nothing about it. A rich man who does nothing useful but sits on a big mountain of gold can also call himself a “hard worker”. But the truth is that the real workers are those who mined this gold from the mine. And one lazy person cannot get a whole bunch of gold. Therefore, when one farmer owns a mining farm of 1000 THash, and millions of people around the world cannot even get 1 satoshi, then this is not fair. And Satoshi Nakamoto created Bitcoin to overcome this problem. But this problem overcame both Bitcoin and Satoshi.
Therefore, it doesn’t matter to me whether you agree with me or not that Bitcoin is centralized. It is centralized. It is a fact. But you can not admit it, you have the right to it.

[flamehowk]

Jeebus. Wasn't what I said clear enough? I never said that the rich and the poor shouldn't have equal opportunity to mine bitcoin. Re-read what I said. The rich will almost ALWAYS have better opportunities than the poor. That's how LIFE works; especially talking about decentralization. Yes, I don't like it either, but there's almost no way to circumvent this.

P.S. Also, the poor can still mine bitcoin. Just mostly not through home computers and most definitely not on smartphones. They just need better hardware and they need to be in a country with cheap enough electricity.

You obviously don’t understand what it means to be poor. You think that the poor one is the one who drives an old car and receives $ 2000 per month, from which he can allocate $ 500 to buy an old unprofitable miner ... But this is your misunderstanding.
A poor person is one who thinks every day what to buy food for. But you will not understand. I propose to stop discussing this issue. You are too far from the real situation in the world.

[flamehowk]

I think in this sense i understand, stratum just offer a bigger range to distribute over many miners, but with your algorithm its not possible to partition the work between different miners like a pool does. Not sure how much it affects the chance of finding a block for small miners but ok.

Pools can be a good thing too no ? They also allow small miners to earn more regulary no ?

You are absolutely right, I have already talked about this. Pools needed. Moreover, an ideal network should work as one large pool, otherwise each miner will be able to receive a reward no more than once every few years. But this technology will not allow to gain an advantage in computing using the pool.

[IadixDev]

I think in this sense i understand, stratum just offer a bigger range to distribute over many miners, but with your algorithm its not possible to partition the work between different miners like a pool does. Not sure how much it affects the chance of finding a block for small miners but ok.

Pools can be a good thing too no ? They also allow small miners to earn more regulary no ?

You are absolutely right, I have already talked about this. Pools needed. Moreover, an ideal network should work as one large pool, otherwise each miner will be able to receive a reward no more than once every few years. But this technology will not allow to gain an advantage in computing using the pool.

I think i understand a bit now, i answered also in the other thread.

[IadixDev]

3) You are mistaken ...
Look at what scheme a regular pool works:



Here, ordinary users are forced to look for a Hash in the WHOLE range of nonce values. And users who are connected to the pool search only in the selected segment. Hence the gain in the speed of finding a suitable hash and a greater total reward.

And now see how the pool will work if the POW algorithm is based on my algorithm:



Are you see? Ordinary users search EXACTLY in the same range of values as users who are connected to the pool.
So - there will be no gain from pool.

Based on your image, pool miners look for different value range, which means parallelization is still possible and there's gain from joining mining pool.

If it's wrong, then the image illustration is wrong.

From what i understand the chain is constructed in sort that there can be only one long sequence of operation for a given block height, so its not based on scanning a rangé of value with a statistical chance each round, but a deterministic set of rounds to solve the problem, and no partition can be computed in parrallel as each round dépend on the precedent one, it cant be made faster by breaking the work on different miners who can work in //.

I think the picture is wrong actually its not even based on hash.

[squatter]

Am I talking about taking money from the rich and giving it to the poor? No, I'm just saying that the poor must have a real opportunity to mine the cryptocurrency.

That's a nice idea, but it clashes with basic economics and the incentives underlying Bitcoin. The fundamental premise of proof-of-work mining is that miners engage in a costly and time-consuming process which can be easily verified. The whole point is that it's expensive for miners to produce POW but nearly free for users to verify.

Take that model to its natural conclusion. Increased competition leads to lower margins and higher costs, as difficulty rises. This forces smaller, "poorer" miners who cannot scale up their operations out of the market.

Let thousands of computers buy and mine a lot of coins. But let the poor have the opportunity to mine at least what a single computer or smartphone that a poor person, or a poor family, can buy.

It's not up to us. It's a market mechanism. Miners are driving the hash rate up because buyers are bidding up the price of bitcoins. If demand for bitcoins keeps rising, so too will mining expenditures.

[flamehowk]

I don't see how CPU mining would prevent mining industry from taking lion's share of all produced electricity from the whole world.

OK. Let's count.
At the moment, the Bitcoin network has a capacity of 100 EH/s. This number is 100,000,000,000,000,000,000 H/s. Antminer T9 has 11.5 TH/s = 11 500 000 000 000 H/s.
100,000,000,000,000,000,000,000 / 11,500,000,000,000 = 8,695,652 miners.
Each T9 miner consumes 1690 watts.
8 695 652 * 1690 = 14 695 652 173 W/h.
Now multiply by hours and days.
14 695 652 173 * 24 * 365 = 128 733 913 043 478 W/h/year.
But this is not an exact figure, because miners are different. The network still has a lot of old miners that consume much more electricity than the T9 or S9.

Now add to this number the mining of other cryptocurrencies. The farms on the graphics cards are so hot that some people use them as heating in the winter. Even if we just assume that this is the same consumption as the Bitcoin network, then we get that the total energy consumption that is used for mining = 128 733 913 043 478 W/h/year.

World output as of 2016 = 24,816,000,000,000,000 W/h/year. Transmission loss is about 20%. Thus, total consumption cannot be more than 20,000,000,000,000,000 W/h/year.
To division ...
20,000,000,000,000,000 / 128,733,913,043,478 = 155 parts.
100% / 155 = 0.65%

That is, now at least 0.65% of all the electricity that is consumed in the world goes only to mining. And this number is constantly growing. After 2 years, it will grow to 5%. After 10 years, up to 30%.

Now, if we completely turn off all the miners, and all the network maintenance work will be assigned to computers that are constantly working (because we already use them for other tasks), then all these energy costs can simply disappear.

Based on your image, pool miners look for different value range, which means parallelization is still possible and there's gain from joining mining pool.

If it's wrong, then the image illustration is wrong.

No, you just do not understand it correctly. Ok, when I have time, I will redraw this diagram more clearly + add numbers. Maybe then you will understand.

[flamehowk]

From what i understand the chain is constructed in sort that there can be only one long sequence of operation for a given block height, so its not based on scanning a rangé of value with a statistical chance each round, but a deterministic set of rounds to solve the problem, and no partition can be computed in parrallel as each round dépend on the precedent one, it cant be made faster by breaking the work on different miners who can work in //.

I think the picture is wrong actually its not even based on hash.

This is a simplified representation of the difference between a regular pool and a pool that will work with my algorithm.
Ok, I understand that everyone wants a more detailed explanation. Let me finish the code, publish it, and then explain in more detail what is happening. OK?

[flamehowk]

Am I talking about taking money from the rich and giving it to the poor? No, I'm just saying that the poor must have a real opportunity to mine the cryptocurrency.

That's a nice idea, but it clashes with basic economics and the incentives underlying Bitcoin. The fundamental premise of proof-of-work mining is that miners engage in a costly and time-consuming process which can be easily verified. The whole point is that it's expensive for miners to produce POW but nearly free for users to verify.

Take that model to its natural conclusion. Increased competition leads to lower margins and higher costs, as difficulty rises. This forces smaller, "poorer" miners who cannot scale up their operations out of the market.

Let thousands of computers buy and mine a lot of coins. But let the poor have the opportunity to mine at least what a single computer or smartphone that a poor person, or a poor family, can buy.

It's not up to us. It's a market mechanism. Miners are driving the hash rate up because buyers are bidding up the price of bitcoins. If demand for bitcoins keeps rising, so too will mining expenditures.

You wanted to say that it contradicts the capitalist economy, in which all interests are concentrated on the needs of the rich? Yes!
You wanted to say that it violates the incentives of Bitcoin? No!
You do not understand the reasons why Bitcoin was created. This is the philosophy of crypto-anarchists, not bankers and merchants.

[shield132]

Bitcoin was amazing years ago as everything until it gets abused, once it gets abused, it losts it's magic. In past bitcoin had very low fees, you could use exchanges and etc without KYC documents, mining was profitable at home, in overall everything was amazing, even anonymity (now they know more).
In overall money was always releasing money.

Big money buys expensive equipment in the form of ASIC / GPU / FPGA devices and deprives everyone else of the right to participate in the issue of cryptocurrencies.

it is not that expensive to need "big money". and nobody is preventing YOU from buying an ASIC and mining bitcoin with it. the only problem is that others who buy ASICs believe in bitcoin whereas YOU don't and because of that you don't want to make that kind of investment!

Buying 1-2 asic miner isn't that expensive but here he talks about mining farms, the ones which Bitmain and Bitfury has. Well, they deserve this at some point cause they invest in more researches to build better miners and in overall they create this miners. But I can't agree with you when you say that they believe in bitcoin, no man, they don't care about it, the only motive here is money that they can get with this business. There aren't bitcoin supporters.

[flamehowk]

Buying 1-2 asic miner isn't that expensive

I would like everyone who says so to try to do this in practice, living in countries where the salary is $ 100 per month with a 12-hour working day ...

[cr1776]

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As we all know, mining is now completely centralized. Big money buys expensive equipment in the form of ASIC / GPU / FPGA devices and deprives everyone else of the right to participate in the issue of cryptocurrencies.
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Pools are centralized, but one can switch pools easily.

No one has a "right" to participate.  If you have something of value to offer, then it is a permission-less entry, if you have nothing of value to offer, no one should be forced to let you participate at their cost.  If you want to mine, earn money and buy miners.