this post was submitted on 03 Feb 2024
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Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

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[–] NotMyOldRedditName@lemmy.world 2 points 7 months ago (1 children)

Definitely agree, 2 isn't ideal, and there's some level of trust happening there because of it.

There's been pushes over the years to get people to split apart more, and I'm pretty sure there was a significant split due to this at least once in the past.

It's gotta be either something like reliability, ui/ux, ease of setup, otherwise all I can come up with is a larger pool pays out smaller amounts more consistently and people prefer that?

[–] TypicalHog@lemm.ee 2 points 7 months ago (2 children)

We in Cardano have a "saturation" limit per pool. So if you have more than like 70M ADA, you don't get rewards for anything above that. This encourages people with a lot of ADA (either theirs or delegated to them) to run multiple pools. We call them multi pool operators. Cardano community has a really strong sentiment against delegating to multi pools. And if you are wondering if that figure I mentioned earlier (30 pools to reach 50+%) is just a few entities with many pools. No - this is actually 30 individual MPOs (multi pool operators).

[–] NotMyOldRedditName@lemmy.world 2 points 7 months ago* (last edited 7 months ago)

That's a pretty cool way to address the problem. I originally wrote solution, but that's not really a solution since it could theoretically just be multi pools, but by putting a barrier in place like that to discourage it, it should lessen the problem.