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#hashrate

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Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://berlin.social/@cobordism" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>cobordism</span></a></span> <span class="h-card" translate="no"><a href="https://mastodon.social/@hyc" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>hyc</span></a></span> <span class="h-card" translate="no"><a href="https://infosec.space/@voxel" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>voxel</span></a></span> no, <a href="https://infosec.space/tags/ProfOfStake" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ProfOfStake</span></a> does concentrate wealth by virtue of having a minimum cap to allow for participation.</p><ul><li>In case of <a href="https://infosec.space/tags/Ethereum" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Ethereum</span></a> that <a href="https://infosec.space/tags/PoS" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PoS</span></a> cap was (please feel free to correct me) at 10 ETH, so deep in tue 6-figure (€) area...</li></ul><p>With <a href="https://infosec.space/tags/ProofOfWork" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ProofOfWork</span></a> there is at least no <em>minimum <a href="https://infosec.space/tags/hashrate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>hashrate</span></a></em> to participate and participating in a <a href="https://infosec.space/tags/pool" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>pool</span></a> dies not necessitate to trust someone with funds.</p><ul><li>OFC I don't deny that <a href="https://infosec.space/tags/PoW" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PoW</span></a> (like <a href="https://infosec.space/tags/PoS" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PoS</span></a>) requires money to participate (as in neither hardware nor electricity nor bandwith being free). But I'm shure we can agree that getting that is way cheaper than the budget that can buy a house (or sometimes two) in rural Germany.</li></ul><p><a href="https://infosec.space/@kkarhan/114638656071829798" translate="no" rel="nofollow noopener" target="_blank"><span class="invisible">https://</span><span class="ellipsis">infosec.space/@kkarhan/1146386</span><span class="invisible">56071829798</span></a></p>
Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://infosec.space/@voxel" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>voxel</span></a></span> like all <a href="https://infosec.space/tags/PoW" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PoW</span></a> <a href="https://infosec.space/tags/Cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Cryptocurrency</span></a>, <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Monero</span></a> too does <a href="https://infosec.space/tags/WastefulComputing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WastefulComputing</span></a>.</p><ul><li>Unlike many others it automatically adapts <a href="https://infosec.space/tags/Difficulty" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Difficulty</span></a> based off total <a href="https://infosec.space/tags/hashrate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>hashrate</span></a> as it enshures a constant block reward of 0,6 XMR + Tx Fees per block at a constant block time of 2mins per block.</li></ul><p>That being said Monero was explicitly designed to not be <a href="https://infosec.space/tags/ASIC" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ASIC</span></a>-able in a cost-efficient manner and be <a href="https://infosec.space/tags/GPU" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GPU</span></a>-unfriendly, so it's more <a href="https://infosec.space/tags/decentralized" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>decentralized</span></a> and doesn't cause harm by demanding custom hardware that can't be repurposed that causes 100% avoidable <a href="https://infosec.space/tags/eWaste" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>eWaste</span></a>!</p><ul><li>IOW: I's the <em>'least worst'</em> option given it's PoW doesn't incentive or reward capital holders (beyond the ability to host and have power to mine)…</li></ul>
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