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1148 sats \ 7 replies \ @PlebeiusG 25 May 2023 \ on: Let's take back Mining! bitcoin
Almost nothing. What do you think you’d get out of a thumb drive…? Let’s pretend they ran at 100-400 Gh/s
That’s 0.1-0.4 Th/s * 200,000 participants = 10-80,000 Th/s
Given average S19 is 100 Th/s that’s about 100-800 S19s
If you compare it to global hashrate - that’s almost a rounding error. It’s nothing. Especially if these drives are plugged and unplugged during the day.
I’m all for decentralization - but not thumb drives.
And the antminer is old tech. What could you do today if it were modernized ?
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I’m confused.
These thumb drives are more hobby devices. They can’t compete. It’s like CPU/GPU mining at this point. It’s a waste of time, capital and energy
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The idea of decentralizing mining is for many people to do a little in a way that scales and reinforces the network's resiliency. How many people use bitcoin today? How many would be OK plugging in a usb thumb stick on their lapyop/deaktops? You are saying this is not possible?
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For your perspective, if you haven’t run the numbers yet…
Last year one S9 provided 20 millionth of one percent of total network hashrate. A thumb drive will do 1000x less.
You are free to mine however you want.
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How about a thumbdrive times 200,000? Equivalent to 200 S9s using your numbers?
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Antminer u1 or u2 runs at 1.6gh/h. Simple thumb drive.
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Decentralization needs miners who can put up a decent amount of work
Sure, we can have 100 billion thumb drives mining in order to decentralize… but if they are doing 1% of network hashrate then it’s not doing anything. It’s decentralized in name only.
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