toxicbitcoiner on Nostr: If, according to Luke Dashjr, mining pools aren’t really viable until they reach ...
If, according to Luke Dashjr, mining pools aren’t really viable until they reach ~1% of total hash, does that mean that the maximum number of pools we can ever expect is ~100? (In practice it would be fewer.)
The issue he explains is bad luck streaks, where the pool may not find a block for ~3 weeks, but miners have to pay their electricity bill every day or week.
Do any other changes to mining fix this to allow for more pools? Is 100 enough?
The issue he explains is bad luck streaks, where the pool may not find a block for ~3 weeks, but miners have to pay their electricity bill every day or week.
Do any other changes to mining fix this to allow for more pools? Is 100 enough?