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0 sats \ 4 replies \ @Hypnagog OP 24 May 2023 \ parent \ on: Let's take back Mining! bitcoin
Okay, either way mining is a centralized weak point , we both agree to that right?
Yes, especially considering that many of the publicly traded miners have large minority positions owned by Blackrock, Vanguard, and the like. I thought they were concerned about the environmental impacts of mining 🤔 - I guess they are really more concerned with their level of behind the scenes influence and control …
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Good point... Its a real concern to me and should be to everyone else too. The only way to preserve btc is to decentralize this function.
Its been done before, no need to reinvent the wheel. Just need to update the usb devices and mass produce. Should be doable for 20-25$.
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What is the estimated hash rate per USB stick and if 200,000 users started their own pool what would the estimated daily / or monthly sats payout be ?
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I'll have to leave that to the geeks out there... The old hardware (what was used before) did between 336mh/h (block erupter) and 1.6GH/h (antminer U1 or U2).
I'm sure modern devices could improve on those figures.
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