Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 27/02/2016, 17:12:50 UTC
...
OMG - you envision a fee market (long before it's neccessary), but you can not see the commoditization of mining equipment hence re-decentralization of mining!?

I don't understand what you mean. Explain?

If I remember right, there is even a paper written on this topic. But for the start, this should work: https://www.reddit.com/r/Bitcoin/comments/2o71hh/physics_and_economics_will_distributed_mining_im/

Mining concentration isn't solely a product of unequal access to hardware and economies of scale. China's electricity and labor cost advantages contribute, as well as f*cked up code that actually gives them a competitive advantage for crappy bandwidth (selfish mining). The alliance between miners and Core ensures this will likely continue unless and until Classic or something like it gets node supermajority. That's a low probability outcome and a dangerous bet, IMHO.