The always-relevant Marty Bent had Spiral developer Matt Corallo on his podcast this week to address the freaks about urgent Bitcoin mining matters.
To bring everyone up to speed, the concerns stem from recent sleuthing of the blockchain which revealed that some pools have been getting perhaps a little too cozy.
How do we know this? Well, everyone’s favorite snoop mononaut recently pointed out that an unusual percentage of Bitcoin’s mining reward was being consolidated under the control of a single custodian.
How bad is it? Well about 47% of the hashrate, on a good day. Yeah, pretty bad.
Now why in Satoshi’s name would they do such a thing, you ask?
C.R.E.A.M.
To begin with, have you looked at the hashrate chart lately anon? You practically can’t tell it apart from the US debt hockey stick. Backed by hardware advancement, public balance sheets, and increasing forays into cheap energy sources, Bitcoin mining has turned into an arms race. Since the Chinese mining
We współpracy z: https://bitcoinmagazine.com/technical/shadow-boxing-comments-on-pow-hysteria
