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0 sats \ 1 reply \ @Scoresby OP 7h \ parent \ on: Bitcoin needs a censor bitcoin
At the moment, solo mining pretty much means losing out on profits. Unless you are a really big solominer with a lot of hashpower, you probably aren't solving a block this decade.
On the other hand, maybe you are running a bitcoin mining water heater and you like to play the lottery.
I'm not sure how a widespread adoption of "byproduct hashpower" changes things. Interesting to consider.
But it seems likely that pure, for-profit mining will always be the dominant portion of hash power.
Yeah, I was definitely not thinking about it being useful for the individual. But if 1000s of people consider this lottery mining as something they are willing to pay for (without likely profits), as an aggregate, you start forming the equivalent of a small pool of "idealistic" miners, who likely will have less pressure to censor.
On second reading, I guess that's what you referred to as "widespread adoption of "byproduct hashpower".
But it seems likely that pure, for-profit mining will always be the dominant portion of hash power.
I agree.
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