Re:The Ethereum merge is done
by konschubert on Thursday September 15, 2022 @03:56AM
(#32848651)
“Money makes money” was equally true for PoW as well. You need money to set up a mining operation.
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Even more so because realistically you need to set it up somewhere where electricity is cheap which which is a centralizing force in itself. Also you need to have a really efficient mining rig for it to be profitable. With Ethereum PoS you can easily home stake on a Raspberry Pi which means it is much easier for regular people to participate.