Why are Miners a problem? You need people who mine the crypto and then sell it to you, cryptos with a pre-mined supply are garbage. The problem is not with the miners, cryptos like BTC or ETH that can be mined with ASICs are the root of the problem. The only crypto currency I consider legitimate is Monero (XMR) because its RandomX algorithm makes it resistant to ASICs and GPUs. It is meant to be mined with a CPU, and only CPU-mining is efficient and economically viable. (Although in the Monero community, we don’t mine Monero for the money, we do it to support the decentralized system) XMR has the core idea that 1 CPU = 1 vote on the blockchain. Everyone has a device with a CPU, thus everyone can mine. ASIC-powered mining farms in China (which are often the ASIC factories themselves) don’t have an advantage over regular users, as it should be.
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Why are Miners a problem? You need people who mine the crypto and then sell it to you, cryptos with a pre-mined supply are garbage. The problem is not with the miners, cryptos like BTC or ETH that can be mined with ASICs are the root of the problem. The only crypto currency I consider legitimate is Monero (XMR) because its RandomX algorithm makes it resistant to ASICs and GPUs. It is meant to be mined with a CPU, and only CPU-mining is efficient and economically viable. (Although in the Monero community, we don’t mine Monero for the money, we do it to support the decentralized system) XMR has the core idea that 1 CPU = 1 vote on the blockchain. Everyone has a device with a CPU, thus everyone can mine. ASIC-powered mining farms in China (which are often the ASIC factories themselves) don’t have an advantage over regular users, as it should be.
ETH moved to proof of stake, no more POW mining needed.