Yesterday I sat down with a miner. It was really

Question

Yesterday I sat down with a miner. It was really

interesting to hear his perspective on the crypto market and the mining business. In short (his perspective): the main thing is that the coins perform. He started with XMR and switched (not because he do not like the concept, but the insentive is compared with other coins, to less).

If you now assume that different coins have a use case, firstly, many can coexist for different applications and secondly, the strength of the network always depends on the insentive. Especially with a tail emission, i.e. the miner increases the market capitalization every day (at a constant price), the network can only be strong enough to make it interesting for the miner to invest his resources in it. So it all comes down to supply and demand. Whether it is a coin that provides decentralized computing power to calculate something like a CFD simulation, or a private means of payment. it all boils down to three things: adoption, adoption, adoption. This is the only way to create the incentive. Isn't it?

#cryptocurrency #english #xmr

0

07.02.2024

3 ответов

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RandomXplorer X Автор вопроса

2554949933
Yes, i was concerned about this, because even afte...

And therefore the price has to increase (by adoption), or the network hash power must decrease, which is not good.

0

11 месяцев назад

Nn

did he mention what he is mining currently? the thing about speculative mining is that all these coins will run into the same problem sooner or later when their inflation starts slowing down and new shiny coins enter the market

0

11 месяцев назад

2554949933 · Accepted Answer

2554949933

Yes, i was concerned about this, because even after P2Pool update, nanopool and supportmonero domination are huge and the mining rewards are lower compared to other cpu mining coins.

0

11 месяцев назад

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Yesterday I sat down with a miner. It was really

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