this post was submitted on 27 Aug 2023
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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"The first professional #XMR Miner, pioneering XMR Mining!" - Bitmain (nitter.net)
submitted 1 year ago by rottenwheel@monero.town to c/monero@monero.town
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[–] Giffbro@monero.town 0 points 1 year ago (1 children)

People view centralization of mining power as a threat.

[–] IP2@monero.town 1 points 1 year ago* (last edited 1 year ago) (1 children)

I get that. What I don't get is how these would help centralize power given they mine at the same efficiency (at best) as everything else.

[–] mylikes@stranger.social 1 points 1 year ago

@IP2 @Giffbro They can ban asic, but can they ban cpu? CPU is everywhere.