Re:Betting Against Bitcoin
by chrisco255 on Tuesday November 02, 2021 @04:26PM
(#29086922)
There's already pooling solutions for staking and more coming online such as https://rocketpool.net that do not have minimums.
Ethereum doesn't have a monetary policy, it has a security policy: the minimum issuance necessary to secure the network.
You can't simply start mining to any significant degree on Bitcoin without setting up a data center filled with customized ASIC chips that are useless for anything else but mining Bitcoin.
At least Ether's current proof of work mining is GPU based. And at least the GPUs will be valuable for AI and graphics rendering after the network migrates fully to proof of stake.
Ethereum has more than 200K validators on the proof of stake Beacon chain right now and is expected to rise dramatically as the Merge gets closer. It is highly decentralized.
Ethereum doesn't have a monetary policy, it has a security policy: the minimum issuance necessary to secure the network.
You can't simply start mining to any significant degree on Bitcoin without setting up a data center filled with customized ASIC chips that are useless for anything else but mining Bitcoin.
At least Ether's current proof of work mining is GPU based. And at least the GPUs will be valuable for AI and graphics rendering after the network migrates fully to proof of stake.
Ethereum has more than 200K validators on the proof of stake Beacon chain right now and is expected to rise dramatically as the Merge gets closer. It is highly decentralized.