this post was submitted on 27 Jul 2025
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If you want to take a "purest" approach then bitcoin has similar problems. To gain any chance of mining BTC you have to buy specialised equipment from someone.
I would also put joining a mining collective in a similar "human consent" category
No.
You can study the universe and come up with a way to do PoW more efficiently. PoW requires knowledge to enter. With more knowledge and mastery, you are rewarded more.
The specialist equipment can be built by anyone at any time. Any country, any place. If your country blocks it? You can use specialist knowledge to circumvent them. You can also still use a computer to mine, though you will never mine a block now days, there is still a chance.
All of this is a very, very important feature that almost everyone overlooks now days. It is essential that it be this way. Anyone should be able to enter the network assuming they have the knowledge to do so.
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.
There is almost zero chance. The only practical to get BTC using a normal computer is to buy it from someone else.
Anyone can verify the network, but a there is no opportunity to obtain BTC without interacting with a (harware) gatekeeper.
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...
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.
This just means your hypothetical Tony Stark gets richer. It doesn't help the aliens you invented earlier.
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.