Mainnet Merge Announcement

Re:Mainnet Merge Announcement by falcolas on Wednesday August 24, 2022 @12:53PM (#32582222)

> No longer do you need massive amounts of electricity and insider access to gpu or asic manufacturers.

No, you just need money, 32 eth is only around $50000.

And there's a lot of people with sufficient money to stand up multiple validators. And validators can also initiate/vote on arbitrary slash requests (which costs them nothing, as I read it).

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Re:Mainnet Merge Announcement by newsclues on Wednesday August 24, 2022 @03:52PM (#32584852)

As a not well off person with a gaming computer with power included in my rent, I don’t have 50,000$.

Shrinking the number of people with the financial means to contribute doesn’t seem like it’s going to result in decentralization.

[ Parent | on HN ]

Re:Mainnet Merge Announcement by sebzim4500 on Wednesday August 24, 2022 @06:49PM (#32586888)

Right but you can't afford to buy ASICs either so from your point of view the situation hasn't really changed. The chance of you ever being able to mine an ETH block with your gaming PC is negligable.

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Re:Mainnet Merge Announcement by newsclues on Thursday August 25, 2022 @02:53PM (#32598274)

I’ve made .2 eth in under a year.

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Re:Mainnet Merge Announcement by onlyrealcuzzo on Wednesday August 24, 2022 @12:56PM (#32582285)

Sounds like an improvement to burning an entire country's worth of electricity...

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Re:Mainnet Merge Announcement by falcolas on Wednesday August 24, 2022 @01:09PM (#32582492)

There's a tradeoff. We need to acknowledge the tradeoff, and be prepared for the folks who just want to watch the world burn, and have the money to do so.

[ Parent | on HN ]