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Surely proof of work also requires trust in a group of miners, trusting that 51% of them don't collude? As mining complexity grows, surely this problem is only
by GordonS 6y ago
Surely proof of work also requires trust in a group of miners, trusting that 51% of them don't collude?
As mining complexity grows, surely this problem is only exasperated, since you need a bigger investment to be able to mine effectively, which would presumably result in an even smaller group of more powerful miners?
- qertoip 6y agoSo far Bitcoin mining is getting increasingly decentralized in practice - from China to Iran to US to Venezuela.