Re:Over 2 percent of the US's electricity generation now goe...
by everfree on Friday February 02, 2024 @03:06PM
(#39233535)
This centralizing effect is actually much more powerful in proof-of-work than proof-of-stake.
Anyone can stake and earn the same % rewards, regardless of how much they have. But if you're bankrolled with hundreds of millions of dollars, you get a much higher mining % return than the little guys because you can design and manufacture your own silicon (or get bulk discounts), colocate next to power generation, and buy electricity in bulk.
Anyone can stake and earn the same % rewards, regardless of how much they have. But if you're bankrolled with hundreds of millions of dollars, you get a much higher mining % return than the little guys because you can design and manufacture your own silicon (or get bulk discounts), colocate next to power generation, and buy electricity in bulk.