Is that a politically biased opinion or there exists a valid technical reason behind it?
Lol, the hundreds of thousands of Russian coming to Europe with the same stories of corruption and government taking their chunk of business, with agencies demanding they would hire people that would no nothing just stay there and monitor how much you have to pay, with the whole weaponizing of every trade, with the takeovers of business on a wimp, you think this is political bias?
My company traded with russian companies before, you know how funny is to give full paid vacations to people that don't work for you?
But regardless of what you think about said country, I doubt you think they are worse than China, do you? the Chinese had control over bitcoin mining, and nothing happened, personally, I don't believe "evil" would exist in the mining business regardless of the government views of BTC,
Well nothing happened at all for years, and suddenly they wanted miners out! Could anyone have done something against it? No!
The fact that something worse didn't happen doesn't mean it won't , it simply means they didn't felt like doing it!
I highly believe that rich people are stronger than all governments, if there exists a country where a few rich people own 20-30% of the total hashrate, it means they are strong enough for any government to screw them over, I know what some legacy media might tell you about countries that are ruled by a single man -- they say the same thing about my country, but I know such things don't exists, power resides where money resides, the government (or otherwise a single handed man) is only strong enough to control the average citizens, the rich -- will always operate as they please and will always do what's best for their investment.
Jack Ma probably would have a story to tell about that! So would the dozens of Russians businessmen that jumped from a window, or the Lukoil chiefs that decided to kill themselves with their families the same day in different countries on vacation! I don't know exactly what county you talk about but there are levels of corruption and distribution of power, your country could jail people for 25 years for insulting the head of state and still not be as rotten as those. It was the same here under the previous CP, eveything was fine till it wasn't and declared a threat and my relatives ended up for years in jail because of suspicious "roots"! They too might have a story to tell you but unfortunately I can't arrange even a spiritual session, cause even now we don't know where they got buried! If...
It's the same thing that happens to some in quite freely run states, one tiny abuse and they think they are as worse as NK, but they've never actually experienced even 1% of what's there! Trust me, you've never actually experienced true dictatorship, or at least you haven't been on the wrong side at the wrong time!
Back to the miner, don't get me depressed on Saturday night!
Ya but that is a lot of "ifs" which we all know isn't going to happen, there are not enough people (millions) who can afford and care about "mining decentralization" without caring about the cost/profit, also given that we talking $100-200 per th, it just not going to happen, even if you had millions, speaking of the device in the this very topic, it does 0.7th per device?
Wait, let's not go for zeus price but for
prepackaged chips!
So not $40 but 5000/324 so that would be $15.
Again, I don't know shit about the rest and the prices for it , Skot was still active lately here so he might throw around a number and I think we could drop the above quota to 4 or 5 if we talk massive manufacturing and not 100 orders!
so you are going to need 1.4M of them to obtain 1EH which is not even 0.2% of the total hashrate, so what are the numbers we talking about? we want these small miners to gain 25% of the network hashrate? great then we need 210,000,000 of them.
1) I was aiming at things a bit higher, that would be 40-50W so 4-5 times higher and shaving 20% at least after the halving.
2) How long would the reward be able to keep that massive hashrate online? The price won't double forever, at some point all the extra things (land,rent,wages) will take their toll
I won't say it's doable now or even remotely in the next few years but I would rule out the word impossible!
in BTC, it's different, if you are not finding blocks -- you are just burning electcity for no good reason.
I don't understand why you're fixed on solo mining and why those couldn't be part of a p2pool?
But ok, let's drop the torrent and switch to fold@home example!
I believe the opposite will be true, the more times goes buy, the less eleciticty BTC would use, of course, we are not there yet, but I think of it as climbing a mountain, we would get to the top of it and then start going down, the only reason why the market still allowes electcity growth is because we have not hit the effiecny wall and the rewards are still huge, eventually, when there is a little room left for hardware improvement, and the block rewards are next to nothing, there bitcoin ecosystem won't have a room large for everyone.
Which brings us to point 2 in my above reply!
I think that after another halving the ratio of what % of the hashrate you can buy for $100 will change dramatically, of course counting inflation.
But as much as I know thousands could use this in the USA I doubt I will be able to more than a few hundred of them.
The moment a heater cost $50 at walmart and the miner heater cost $500 and recoups only $10 a month probably not even 1% would.
30th is 2-3 a day or 60-90 a month.
if you need a space heater and run it six months a year you get back 360 to 540 a year.
if you do not need a space heater you do not need the modded miner.
