Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: AndrewIdena on October 23, 2019, 04:08:09 PM
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Very few mining pools control the Bitcoin network in one area at great expense:
- 19 mining pools
- 3 pools control 51% of the hashrate
- 80% of the hashrate is in China
- $0.05 is breakeven cost per 1 KWh
Ethereum does not change the game:
- Initial wealth (70% is premint) is in a few hands: 53% is owned by 400 wallets.
- Mining is monopolized: 2 pools control 51% of the hashrate.
- Returns are miniscule: $0.3 daily earnings in PoS with 32 ETH min stake.
I am not allowed yet to post links, you can check btc and etherscan for stats.
Are there any alternatives?