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It’s a lot more challenging to run a mining operation that even breaks even over the long run than it is to buy a couple eth and start staking
by xadhominemx 4y ago
It’s a lot more challenging to run a mining operation that even breaks even over the long run than it is to buy a couple eth and start staking
- bombcar 4y agoLike many decentralized systems, it's not actually decentralized but can have the appearance of such. All these systems have "whales" such that the individual can't do much except align with a whale. Applies to more than just crypto, too.
- flatline 4y agoThe internet is this way. The reality is more about peering agreements and CDNs than a neutral decentralized computer network. But it is still decentralized, just primarily among a few big players.
- bombcar 4y agoYeah, but people hear "decentralized" and think "I can do whatever I want" - not the reality of what it actually is and how it works.
- cowtools 4y agoWhy is it necessary to break even? Ordinary users can mine on their home hardware and make a return on their existing hardware before it depreciates.
- latchkey 4y agoVery large ETH miner here. It is less challenging than you think. I'm not saying it is easy, but it is definitely doable with the right team of people.