Author Topic: Bitcoin & Ethereum mining are heavily centralized  (Read 138 times)

ayuluv

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Bitcoin & Ethereum mining are heavily centralized
« on: December 23, 2018, 03:31:42 am »
XRP has hit the 2nd place of coinmarketcap.

Below is an article pertaining XRP vs traditional mining for BTC and ETH.

We shall see how is the future of mining. Understanding when the coin hits cap, the rewards will drop drastically and things need to be improved to feed the miners for mining to go on.





https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger/

https://www.blockchain.com/pools

https://www.etherchain.org/charts/topMiners

https://xrpcharts.ripple.com/#/validators

Ironically, with the Guardian nodes project, MTC can be way more decentralized compared to BTC / ETH!
« Last Edit: December 23, 2018, 03:34:57 am by ayuluv »

honglu69

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Re: Bitcoin & Ethereum mining are heavily centralized
« Reply #1 on: December 23, 2018, 03:39:58 am »
PoW Mining  centralization is big concern, particularly for 51% attack risk.

The big coins may be fine due to high cost of energy to protect from attack. But medium and small altcoins are all in trouble.
NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com

ayuluv

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Re: Bitcoin & Ethereum mining are heavily centralized
« Reply #2 on: December 23, 2018, 03:59:40 am »
Yup. Personally node operation is very idea for me. But for XRP, without incentive is not going to work for investors / public. Perhaps they only target at exchanges and banks whom can earn transaction fees if they are transacting XRP.

Incentivized node operation can be a new age thing compared to mining (less resources, better rewards). Provided the project allows to have recurring income in one way or another.

 

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