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Ask HN: Will Ethereum 2 lead to geographically well distributed mining?
As far as I know, currently most mining happens in China because of lower prices for electricity.
With Ethereum 2, the power consumption will probably negligible, right? Does this mean we will see mining of Ethereum to take place in a geographically well distributed fashion?
- quickthrower2 6y agoHard to say but I can see a lot of it being “mined” on super high availability cloud services probably AWS in the more popular regions. Reason being if you go offline you might forfeit your stake which is at least 32Eth or about $64k last time I checked
- noman-land 6y agoI'm not up to date on the latest but last I checked, you basically get penalized as much as you would have made during the time you're offline. So if you're offline for an hour, you lose out on an hour's worth of profits and you also get docked an hour's worth of profits.
- quickthrower2 6y agoIf that’s the case it’s not nearly as scary!
- CryptoPunk 6y agoYou are correct. The penalty for being offline is relatively mild, and proportional to how long you are offline. It's creating blocks that are mutually conflicting, due to deliberate malevolence, or an accidentally misconfigured node, that leads to large penalties, and the probability of that happening is not a function of connectivity.