3 ms·
> No longer do you need massive amounts of electricity and insider access to gpu or asic manufacturers. No, you just need money, 32 eth is only around $50000.
by falcolas 4y ago
> No longer do you need massive amounts of electricity and insider access to gpu or asic manufacturers.
No, you just need money, 32 eth is only around $50000.
And there's a lot of people with sufficient money to stand up multiple validators. And validators can also initiate/vote on arbitrary slash requests (which costs them nothing, as I read it).
- onlyrealcuzzo 4y agoSounds like an improvement to burning an entire country's worth of electricity...
- falcolas 4y agoThere's a tradeoff. We need to acknowledge the tradeoff, and be prepared for the folks who just want to watch the world burn, and have the money to do so.
- newsclues 4y agoAs a not well off person with a gaming computer with power included in my rent, I don’t have 50,000$. Shrinking the number of people with the financial means to contribute doesn’t seem like it’s going to result in decentralization.
- sebzim4500 4y agoRight but you can't afford to buy ASICs either so from your point of view the situation hasn't really changed. The chance of you ever being able to mine an ETH block with your gaming PC is negligable.
- newsclues 4y agoI’ve made .2 eth in under a year.