https://hackerpaper.kaipfister.de/p/1603.05240/Collected HN comments and submissions linking this paper.enMon, 02 Nov 2026 11:16:22 GMThttps://news.ycombinator.com/item?id=14485430urn:hackerpapers:mention:1603.05240:14485430Mon, 05 Jun 2017 05:29:36 GMT<p>The main reason I don&#x27;t own any bitcoin is that I don&#x27;t think the economics of mining make sense in the long term. Specifically: bitcoin depends on distributed mining power in order to prevent individual miners from being able to manipulate the blockchain. However, if you accept that (1) there are economies of scale in mining, and (2) miners are rational and will only mine when they can make a profit, then I see no reason to believe mining power should stay &quot;distributed&quot; rather than develop into a monopoly. I realize this hasn&#x27;t happened yet, but I don&#x27;t think it makes sense to base a…</p><p><a href="https://hackerpaper.kaipfister.de/p/1603.05240/">Paper and discussion history</a>. A mention is not an endorsement.</p>cs.CRhttps://news.ycombinator.com/item?id=11303195urn:hackerpapers:submission:1603.05240:11303195Thu, 17 Mar 2016 08:38:26 GMT<p>Bitcoin Mining Decentralization via Cost Analysis</p><p></p><p>3 points; 0 discussion replies on HN. <a href="https://hackerpaper.kaipfister.de/p/1603.05240/">Paper and source history</a>. A submission is not an endorsement.</p>cs.CR