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toxicbitcoiner / Toxic Bitcoiner
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2024-06-20 00:19:33

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?
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