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128 sats \ 3 replies \ @OT 20 May \ on: Mining Pool, Decentralization, and Network Security bitcoin
It would be nice to have more competition to bitmain/antpool.
It does seem like most bitcoin miners care more about fiat profits than the network itself. I guess they take higher risks than the people who simply buy it, but they must know that having too much centralization hurts us all in the long run.
Yes, I agree. As a miner, I'm concerned about the network and its security, but what option do we have?
Solo mining entails spending a lot of money on maintaining the ASICs and, with a high probability, never actually mining a block, resulting in significant losses without any return.
Being in a pool ultimately becomes almost a "requirement" if you want to avoid massive losses and don't view mining as a lottery.
Thank you for your comment! 😊
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I've been with SBIcrypto for years, and I haven't had any issues. I'm very happy with the service, and it's a small pool.
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