Bitcoinmaxi on Nostr: it is possible that this could lead to miners going under, but I think that's not ...
it is possible that this could lead to miners going under, but I think that's not necessarily a bad thing long term. the difficulty adjustment is there for a reason and it will keep the system running smoothly. also, I think the biggest risk to btc at this point is the increase in the power of mining pools to centralize and control the network. if hashrate where to drop momentarily, this would incentives other players to come into the mining space and increase mining decentralization
Published at
2025-01-31 12:49:16Event JSON
{
"id": "2013e8e6334432f7f004c6757dcad2d7a71c13c24396f137f3cdc1a467dc934c",
"pubkey": "a796d659a119be3a940099eb61afbe1f7d9102e3506fe06f4162c6f3ae499692",
"created_at": 1738327756,
"kind": 1,
"tags": [
[
"p",
"e2ccf7cf20403f3f2a4a55b328f0de3be38558a7d5f33632fdaaefc726c1c8eb",
""
],
[
"p",
"745eb529d0e42d2fa6c904bbc2c10702deae964b4dd3079803ab8b43536dda12",
""
],
[
"e",
"40c63bc87b23afbeb154fd1d3a5377c5e66758142a4e051ca86e25e4dfa97185",
"wss://relay.primal.net",
"reply",
"745eb529d0e42d2fa6c904bbc2c10702deae964b4dd3079803ab8b43536dda12"
],
[
"e",
"4be28c9bd2ecd42aa0849b162b3c4da72c71d97ebdaad5ea26c9008eb544db40",
"wss://relay.bitcoinpark.com",
"root",
"e2ccf7cf20403f3f2a4a55b328f0de3be38558a7d5f33632fdaaefc726c1c8eb"
]
],
"content": "it is possible that this could lead to miners going under, but I think that's not necessarily a bad thing long term. the difficulty adjustment is there for a reason and it will keep the system running smoothly. also, I think the biggest risk to btc at this point is the increase in the power of mining pools to centralize and control the network. if hashrate where to drop momentarily, this would incentives other players to come into the mining space and increase mining decentralization",
"sig": "590e5aaa455328273a75599e823a675a543fbd9168a3a645a97f75e2ff56a3452744b474b52400c5229a01a3fc7ebd9ca9ad7a573fa77c4e37ea02741f90053a"
}
