• Knock_Knock_Lemmy_In@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    1 day ago

    The specialist equipment can be built by anyone at any time.

    No no. This is a highly specialised industry dominated by Bitmain. Unless you are using the latest hardware you are vastly overspending on mining costs.

    You can also still use a computer to mine, though you will never mine a block now days, there is still a chance.

    There is almost zero chance. The only practical to get BTC using a normal computer is to buy it from someone else.

    Anyone should be able to enter the network assuming they have the knowledge to do so.

    Anyone can verify the network, but a there is no opportunity to obtain BTC without interacting with a (harware) gatekeeper.

    • survirtual@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      1 day ago

      This will be my last reply to you because I already explained this very basic idea, so you are either an antagonist, trolling, or need to do some self-learning. I would recommend reading what I said again.

      An alien can come to Earth and use its UFO compute to mine bitcoin if it wanted.

      Someone in their garage could come up with a vastly superior way to compute hashes and mine bitcoin.

      Large mining farms could be banned and made illegal and smaller operations can instantly become profitable again.

      The list goes on, and on, and on, and on…

      • Knock_Knock_Lemmy_In@lemmy.world
        link
        fedilink
        arrow-up
        1
        arrow-down
        1
        ·
        1 day ago

        An alien can come to Earth and use its UFO compute to mine bitcoin if it wanted.

        Not if it wants to win a block reward in any reasonable length of time.

        First of all it would have to set up manufacturing to produce 7nm asic chips generating the SHA-256 algorithm.

        Someone in their garage could come up with a vastly superior way to compute hashes and mine bitcoin.

        This just means your hypothetical Tony Stark gets richer. It doesn’t help the aliens you invented earlier.

        Large mining farms could be banned and made illegal and smaller operations can instantly become profitable again.

        You still need human interaction to buy the necessary mining equipment.

        Face it. Your idealistic objections to PoS apply equally (if not more so) to Bitcoin.