Ninjastic
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08/07/2025, 12:17:32 UTC POST DELETED
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Scraped on 01/07/2025, 12:22:51 UTC
Quote from: philipma1957 on July 01, 2025, 12:43:14 AM
hmm genius one from last year brings us to a new genius mouthing total an utter nonsense about who runs the current gear world wide.

no one knows the owner of the worlds hash rate.

because many people have gear.

lots of people have a few machines

and a few people have a lot of machines.

I run $50,000 of my own miners .

7 s21 xps
1 L7

I mine using a host in Iowa

The gear is pointed to viabtc.io

Since viabtc.io has 12% of the worlds gear pointed to it some will say

Foundry 29%
antpool 20%
viabtc.  12%
f2pool.   8%

total.  69%

only four people control the network.

not true as those pools have hundreds of people like myself with 50k to 500k worth of gear pointed to them.

btw scrypt fixes all the imaginary premine issues of sha256
that the new genius mentioned

if you notice ⅛ of my gear points to scrypt for that reason.

and what stops 1 person from owning a lot more gear than you and hiding in differntdifferent pools.

nothing.

1 person can be 51% of the nodes and probably is and they can use vpns to make it look more decentralized when really it is not.

where as if each person could only have the same hashrate and or stake and only be 1 node, this can never happen.

I know deep down satoshi would rather the fair supply, I know somewhere in him he is human. I know he has a heart. I know he sees my point and agrees.

do you want real decentralizion? or keep living in la la land.
Original archived Re: Mining hash rate distribution
Scraped on 01/07/2025, 12:17:59 UTC
Quote from: philipma1957 on July 01, 2025, 12:43:14 AM
hmm genius one from last year brings us to a new genius mouthing total an utter nonsense about who runs the current gear world wide.

no one knows the owner of the worlds hash rate.

because many people have gear.

lots of people have a few machines

and a few people have a lot of machines.

I run $50,000 of my own miners .

7 s21 xps
1 L7

I mine using a host in Iowa

The gear is pointed to viabtc.io

Since viabtc.io has 12% of the worlds gear pointed to it some will say

Foundry 29%
antpool 20%
viabtc.  12%
f2pool.   8%

total.  69%

only four people control the network.

not true as those pools have hundreds of people like myself with 50k to 500k worth of gear pointed to them.

btw scrypt fixes all the imaginary premine issues of sha256
that the new genius mentioned

if you notice ⅛ of my gear points to scrypt for that reason.

and what stops 1 person from owning a lot more gear than you and hiding in differnt pools.

nothing.

1 person can be 51% of the nodes and probably is.

where as if each person could only have the same hashrate and or stake, this can never happen.