0 sats \ 0 replies \ @SpaceHodler 12 May 2023 \ parent \ on: What is the game theory behind the fixed block size and the fee market? bitcoin
I like the arguments that Monero's ASCI resistance leads to mining decentralization. They argue ASIC resistant algorithms discourage mining farms, because they will only spawn those when:
  1. everyone who can mine on their home PC already is mining (because it doesn't require additional equipment or real estate)
  2. the leftover profitability justifies setting up a farm
But I guess energy prices play into this too and it may still be profitable to set up a farm where energy is cheap.
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