US government tracking the energy implications of booming bitcoin mining in US.

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

  • @[email protected]English
    3•10 months ago

    Bitcoin has literally 2 pools who have more then half of the block production. Also not all PoS systems have locking and slashing btw.

    • @NotMyOldRedditNameEnglish
      2•10 months ago

      Pools that people could leave if something suspicious was happening.

      Very different than an individual entity.

      • @[email protected]English
        1•10 months ago

        Well… Cardano has like 30 different pools that add up to 50+% of the block production.
        If something sus was happening with one or more of those - people can just leave them.
        Same thing but 30 is better than 2.

        • @NotMyOldRedditNameEnglish
          2•10 months ago

          Definitely agree, 2 isn’t ideal, and there’s some level of trust happening there because of it.

          There’s been pushes over the years to get people to split apart more, and I’m pretty sure there was a significant split due to this at least once in the past.

          It’s gotta be either something like reliability, ui/ux, ease of setup, otherwise all I can come up with is a larger pool pays out smaller amounts more consistently and people prefer that?

          • @[email protected]English
            2•10 months ago

            We in Cardano have a “saturation” limit per pool. So if you have more than like 70M ADA, you don’t get rewards for anything above that. This encourages people with a lot of ADA (either theirs or delegated to them) to run multiple pools. We call them multi pool operators. Cardano community has a really strong sentiment against delegating to multi pools. And if you are wondering if that figure I mentioned earlier (30 pools to reach 50+%) is just a few entities with many pools. No - this is actually 30 individual MPOs (multi pool operators).

            • @NotMyOldRedditNameEnglish
              2•10 months ago

              That’s a pretty cool way to address the problem. I originally wrote solution, but that’s not really a solution since it could theoretically just be multi pools, but by putting a barrier in place like that to discourage it, it should lessen the problem.