Depending on how big the security budget is. If you only need 50mw to be 51% of the hashrate then that can be accomplished in a single area :) but if you need 5000mw you may have to spread out a bit

faithandcredit

Mining pool centralized on cheap energy, which by itself is decentralized. Especially when renewable getting more popular, they need to dump that energy somewhere during non-peak hour.

fgiveme

bear markets will create more wealthy people.

But isn't that also the same, only the more wealthy can operate and sustain a node with better liquidity depending on the market price.

KingZing

True but also, small nodes can also buy more sats per dollar too.

Cheaper sats, means its cheaper to accumulate more and also open more channels.

f6287b82CC84bcbd

bitcoin

What are the Centralization Risks in Bitcoin?

Best

If BTC keeps falling against USD, then nodes need to put more and more BTC on chain to route fees. It seems big hubs will only get larger, while small hubs will continue fall out.

I also never quite understood the defense against centralization of mining pool and how it isn't a problem. If it continues to be survival for the fittest then it is build to centralized. 