/biz/ - Business & Finance

>>54075137
Merge mining is complete AIDS, and is simply a narrative spread by bitcoin miners to expand their profitability and reach.
Also bitcoin mining is worse. ASICs are simply prone to centralization on the manufacturer level. There are like two or three companies producing ASICs at scale. How hard is it to regulate them into inserting backdoors, or to reserve their supply for the government? Easier than monopolizing general-purpose computing power when everyone has a supercomputer in their pocket.
Despite how bitcoiners will kvetch about decentralization when discussing block-size, mining is truly the greatest centralizing force in bitcoin. Your raspberry pi bitcoin node will do nothing against a 51% attack. A 1 TB hard drive costs like 50 bucks, an antminer costs thousands. Do the math.
If anything, bitcoin should be merge mining with monero on RandomX.