Post
Topic
Board Mining speculation
Re: At what point do we stop kidding ourselves? Bye Bye mining farms.
by
Lauda
on 25/06/2015, 23:38:27 UTC
And what are your proposals to have a secure blockchain and network?
How about you actually read the thread before posting?
I'm aware. As should everyone here who's ever joined a pool. I see it on the horizon than I see it just possible. But that me man. My proposal? I don't have one. I'm looking to the people on this one. We probably have the least amount of nodes we ever did. At least in the past we had every person in the usa with an ATI video card running nodes. Now its down to who can afford asic's for basically fun, and large farms.

I agree with you that more hash-rate would increase security in a decentralized aspect. Although this is not the behavior we are seeing. We are seeing asic companies actively centralizing the network by creating farms and mining on their own hardware. Counteracting the very purpose of bitcoin (decentralized network).
Well this is something that one should get used to. Humans are flawed. They are greedy and are going to abuse just about anything that they can.
It's unfortunate to see this happen but not much can be done to prevent an ASIC company to mine with new hardware before releasing it, right?