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Do you have your share of hashrate in the Bitcoin network?
599 sats \ 7 comments \ @klk 30 May AskSN
Bitcoin succeeds if it stays decentralized and secure.
There are ~20M coins, and currently a total hashrate of ~900M TH/s. That gives us ~45 TH/s per coin as some kind of thumb rule.
Do you control enough hashrate proportionally to your sats?
Over 45 TH/s per coin12.5%
Under 45 TH/s per coin18.8%
Just a very small hashrate (BitAxe, ...)37.5%
No hashrate at all31.3%
16 votes \ poll ended
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22 sats \ 0 replies \ @nullcount 30 May
I prefer to have only enough hashrate to heat my living/work spaces.
Corporate megamines can't compete when you're mining for heat. The heatpunks are not so sensitive to price of electric. They will still add hashrate even as they're losing sats due to unprofitability because the "waste" heat is what they're mining for. This trend will absolutely devastate the bottom line of for-profit miners long-term.
Hashing proportional to one's stack is less achievable and is based on altruism if you're doing it unprofitably just for the sake of reaching an arbitrary hashrate target.
IDK if I would like to see Saylor and Blackrock control that much hashrate :)
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10 sats \ 0 replies \ @klk OP 30 May
A BitAxe gamma 601 (~1.2 TH/s) would be proportional to 2.7M sats / 20M Bitcoin.
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36 sats \ 1 reply \ @WeAreAllSatoshi 30 May
Nice try trying to figure out the size of my stack ;)
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86 sats \ 0 replies \ @klk OP 30 May
Next time we can create a poll about “what's your xpub” and put all possible combinations. That way we'll know more precisely 😈
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96 sats \ 0 replies \ @BlokchainB 30 May
I am the hash rate king 👑
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46 sats \ 0 replies \ @Coinsreporter 30 May
That's good. We'll now have some data to figure out what needs to be done. I think it's very important for everyone to take part in Bitcoin hashrate.
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0 sats \ 0 replies \ @denlillaapan 30 May
No. I failure.
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