Proudmuslim on Nostr: > Also, there will always be actors with access to more computing power than others, ...
> Also, there will always be actors with access to more computing power than others, no matter how CPU based your mining is.
That's not a point against CPU-based algorithms. The point is not to make everyone equal in hashing power, it is to distribute the hashing power across more, smaller-scale miners and lower the barrier to entry as much as possible.
> Mining is an economic business which benefits from economies of scale.
Monero (and crypto in general) has an incentive to work against economies of scale in mining, as it just results in more centralization and consolidates market share (hashing power) into the hands of a few entities. This is a rule for every industry, not just mining. CPUs do not lend themselves to the same kind of industrial-scale mining that ASICs do, and that's a design choice.
That's not a point against CPU-based algorithms. The point is not to make everyone equal in hashing power, it is to distribute the hashing power across more, smaller-scale miners and lower the barrier to entry as much as possible.
> Mining is an economic business which benefits from economies of scale.
Monero (and crypto in general) has an incentive to work against economies of scale in mining, as it just results in more centralization and consolidates market share (hashing power) into the hands of a few entities. This is a rule for every industry, not just mining. CPUs do not lend themselves to the same kind of industrial-scale mining that ASICs do, and that's a design choice.