What Bitcoin Mining world is missing right now?

[matrenitski]

Hi everyone!

I was wondering, are there any crucial parts of Bitcoin Mining world that are missing?

What would you be happy to see out there? A tool, a product, a service? Some hardware, a protocol? A law? Or withdrawal of one?



Best,
Max

[goldkingcoiner]

I think what could be the next big thing is an open source operating system for mining which combines energy optimization, overclocking, heat management, financial reporting, management and so on... Combine that with an open source mining firmware and plug and play solutions so that not only the technical savvy people will be able to mine. Or at least in the beginning. Current mining is not as adopted mainly because of the software/hardeware procurement aspect as well as the fact that non-technical people get spooked, thinking mining is too complicated for them.

Education on mining is still too "self-research"-based, even for people who are somewhat tech saavy. That needs to change too.

[FP91G]

I think what could be the next big thing is an open source operating system for mining which combines energy optimization, overclocking, heat management, financial reporting, management and so on... Combine that with an open source mining firmware and plug and play solutions so that not only the technical savvy people will be able to mine. Or at least in the beginning. Current mining is not as adopted mainly because of the software/hardeware procurement aspect as well as the fact that non-technical people get spooked, thinking mining is too complicated for them.

Education on mining is still too "self-research"-based, even for people who are somewhat tech saavy. That needs to change too.

I see that there's much more information about mining now than in 2015.
Setting up an ASIC is even easier than setting up a smartphone, but mining comes with its own set of challenges:
power consumption of 3 kilowatts or more, requiring separate wires and a power outlet.

The noise emitted by ASICs is a problem.
And the main problem is the cost of electricity. In Europe and the US, electricity prices are high, making mining unprofitable.

[ABCbits]

I would say revival and adaption of P2Pool. It's decentralized mining pool, but it's not really popular since it requires you to run a full node. On Bitcoin, the software/protocol is abandoned with almost no block mined with it. But P2Pool find it's place on Monero miners, about 4%-5% Monero mined block comes from P2Pool.

[bitbollo]

Ultra-small device that could fit in a pocket, like a smartphone.
Open source, high-performing miner that could be easily "ready to mine" - just plug to electricity/open your solar panel - and press "on".
Thanks to esim it could be possible to have a device that potentially could connect, in every place, every country and you can access to your network. I would not be surprised if this can become the "smartphone" of the future - or at least a new kind of product. Probably today the cost/benefit ratio doesn't look profitable ... however  ...

[FP91G]

Ultra-small device that could fit in a pocket, like a smartphone.
Open source, high-performing miner that could be easily "ready to mine" - just plug to electricity/open your solar panel - and press "on".
Thanks to esim it could be possible to have a device that potentially could connect, in every place, every country and you can access to your network. I would not be surprised if this can become the "smartphone" of the future - or at least a new kind of product. Probably today the cost/benefit ratio doesn't look profitable ... however  ...

I don't think this will become the smartphone of the future, because such devices require cooling. Why buy an eSIM, why upgrade the device to a smartphone, if you can set it up next to your computer in the room and wait for your chance? In my opinion, devices for solo mining are already expensive.

[philipma1957]

Small miners will never be a big part of mining. $ earned per Watt burned is simply too low for BTC.

As for good easy software the epic controller for the s21 series meets most every task a  sha256 miner needs.

It is $$ up front but fee free for the life of the miner.

[Mia Chloe]

~snip

I think for me it would be wasted energy and heating. One of the biggest problems of electrical components is unnecessary heating almost everything you do ends up dissipating heat and the biggest issue is that heat also has negative effects on the system itself we are getting better chips though but not there yet.

Small miners will never be a big part of mining. $ earned per Watt burned is simply too low for BTC.
As for good easy software the epic controller for the s21 series meets most every task a  sha256 miner needs.
It is $$ up front but fee free for the life of the miner.

Sadly the profit margins run into losses in most countries because of high cost of electricity tariff.  The thing is even if chips get better and efficient difficulty is still gonna increase too.