Decentralizing Monero Mining - How and Why
summary
Monero replaces ASIC-vulnerable proofs with RandomX (mainnet Nov 2019) that targets general CPUs (AMD best, Apple M1/M2 competitive), runs native x86/ARM or an interpreted mode ~10–20× slower, and sees GPUs ≳2× less efficient; no ASICs have appeared so far. Pool decentralization uses p2pool (first release Sept 2021), now ~6% of hashpower while the largest pool held 43% — overall network hash rises 13% during China miner exits, showing the measures actually work.
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chapters (10)
- 0:00Introduction to mining
- 0:52Bitcoin centralization issues
- 4:21The impact of ASICs
- 9:14Monero's defense strategies
- 13:50RandomX algorithm design
- 22:39Hardware performance testing
- 24:50Mining pool centralization
- 27:11Introduction to P2Pool
- 32:24Using and setting up P2Pool
- 35:13Conclusion
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