/biz/ - Business & Finance

>>58302906
What economics? We're talking about altruistic mining here.

>>58302964
>In short, bot farms, donating CPU cycles, using your miner for heat, raises mining difficulty and lowers revenue, putting other for profit miners (something you need for a secure financial network) out of business. The net gain in hash rate is zero.

First of all, who says you *need* for-profit miners to secure the network? Donated hashpower is indistinguishable from invested hashpower as far as the network is concerned. What exactly motivates miners isn't as important as the fact that they are mining. The first BTC miners didn't mine for profit either, ideology is a helluva drug.

Second of all, having a relatively small number of for-profit miners in specific locations (cheap power) providing a majority of the hashrate isn't ideal, for obvious reasons.

Conversely, having a relatively large number of households spread out around the world each donating some CPU cycles thru their old/unused devices and collectively providing a majority of the hashrate *is* ideal as far as decentralized mining is concerned, its easily the best-case scenario.

Its why ASIC-resistance is so based: it makes literally every household in the developed world a potential Monero mining hub.

Anyone mining on CPUs?
I want to stack XMR but it seems ZEPH is more profitable. Is it best to use moneroocean, or mine ZEPH directly and then swap to something else?

https://i.4cdn.org/wsg/1709592430151076.webm