CriptoCat 🌱 on Nostr: The key factors of why Bitcoin mining centralizes is exactly where #Chia shines. 1. ...
The key factors of why Bitcoin mining centralizes is exactly where #Chia shines.
1. Use of widely available commodity hardware with mature supply chains (storage).
2. Low energy costs to run mostly idle hard drives, and in the future even lower costs to power SSDs.
3. 100K+ full node farmers show that it can be run out of a home.
4. Inverse economies of scale for larger operations that do need server locations and hardware. It favors smaller home farmers using existing hardware and storage.
Because it was designed to tend towards decentralization, it has a Nakamoto Coefficient of 102, highest of all blockchains.
@SlowestTimelord
1. Use of widely available commodity hardware with mature supply chains (storage).
2. Low energy costs to run mostly idle hard drives, and in the future even lower costs to power SSDs.
3. 100K+ full node farmers show that it can be run out of a home.
4. Inverse economies of scale for larger operations that do need server locations and hardware. It favors smaller home farmers using existing hardware and storage.
Because it was designed to tend towards decentralization, it has a Nakamoto Coefficient of 102, highest of all blockchains.
@SlowestTimelord