Oddbean new post about login | logout Centralized Bitcoin mining is an attack on the network. https://image.nostr.build/4e6f0a41b98560b9af44e28f66aafa6cf6be555a1fad0fbbb3b7654b2197eb13.jpg
Hey I’m running 2 bitaxes.. doing my part
Right there with you! May pull the trigger on another Supra.
#bitaxe is music and art. #hashrate #solomining #bitcoin https://image.nostr.build/8dcf48f27c69c16889900fd40e6b8f6f1e6368340262e471cd1643184fe19cd2.jpg
Here’s mine.. with HALO https://video.nostr.build/401cd5534a9cf895cfafc554d35ffeb521f1e15d332f0047fe5a75574559d0b6.mp4
Same one!! Love halo!! https://video.nostr.build/5fdd50a1466ce823472ed74e8dc58ce5761acec15c9e729a86c45b7dee0c648f.mp4
Yeah its great
If you don't have 51% of the mining capacity, the network, the network is secure. NOBODY will have 51%, it would cost billions. Also, it would be fruitless, absolute control of the network would mean zero confidence in it, thus, no value in #BTC.
The danger of censorship is real way before 51%
It absolutely fucking is. Governments are cunts. You specified mining though, there's little they can do about that. They can regulate it, of course, but miners will just move their rigs!
I even with 51% or more its not worth destroying the aaset you are stealing lol
No one really cares or it wouldn’t be like this for over a year now https://image.nostr.build/3e644595bb3c38e14eef78463b566f997e861becdda2446bc2fcd0b9b9f60f73.jpg
Getting people to care is my goal.. and equipping them to actually do something about it.
It simply amazes me at how the miners who have the ability to move their hash to a smaller pool just won’t do it out of greed… Not like it matters when the largest pools are the people making the miners… I wonder how much of bitmains hash rate is actually distributed?
Mara did something shitty. The miners didn’t leave.
Mara owns their own miners, and operates their own pool. At least they stopped running OFAC compliant blocks, because the transactions will be mined eventually. May as well maximize profit.
Not as much if a concern as the lack of nodes out there. The nodes are what matters most. 51% fear mongering is a distraction.
Nothing burger https://www.youtube.com/watch?v=ncPyMUfNyVM
