woolcycle on Nostr: Thanks for this interesting response, which I will admit is somewhat over my head. ...
Thanks for this interesting response, which I will admit is somewhat over my head. With regard to #Bitcoin, I frequently hear concerns expressed regarding mining centralisation and my understanding is that the pressure towards centralisation only increases with each successive halving. I think we can agree we have come a long way since Hal Finney & co. were apparently mining #Bitcoin using a CPU - not a GPU, a CPU.
By contrast, the hardware and energy requirement for running a Nimiq PoS validator is much, much lower. So I am interested in whether this might lead to greater decentralisation that centralised PoW mining.
Published at
2024-07-21 14:26:07Event JSON
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"content": "Thanks for this interesting response, which I will admit is somewhat over my head. With regard to #Bitcoin, I frequently hear concerns expressed regarding mining centralisation and my understanding is that the pressure towards centralisation only increases with each successive halving. I think we can agree we have come a long way since Hal Finney \u0026 co. were apparently mining #Bitcoin using a CPU - not a GPU, a CPU.\n\nBy contrast, the hardware and energy requirement for running a Nimiq PoS validator is much, much lower. So I am interested in whether this might lead to greater decentralisation that centralised PoW mining.",
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