31 ms·
The intended design is for mining to not be profitable. It looks like the phased introduction of Rules 1 and 2 have already achieved a breakup of mining power.
by hosh 6y ago
The intended design is for mining to not be profitable.
It looks like the phased introduction of Rules 1 and 2 have already achieved a breakup of mining power. There looks like the occasional ASIC miner that pops in, causes a disruption, and the miner leaves.
Time will tell if these set of incentives will achieve what the designer intended.
- api 6y agoIf mining is unprofitable doesn't that incentivize people to do underhanded things like Sybil attacks?
- hosh 6y agoSure. There are some other things to mitigate that. I forgot which rule, but one of them limits what a successful Sybil attack can do. The whitepaper with the complete list of business rules and why those were chosen are worth reading.