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“We do expect there will be some big centralised miners that will have a lots of storage and economies of scale. But there will also be a large cloud of small miners all over the world.” quote by Juan Benet
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“We do expect there will be some big centralised miners that will have a lots of storage and economies of scale. But there will also be a large cloud of small miners all over the world.”

Juan Benet

About This Quote

Source Interview: The Future of Decentralized Computing, 2022

Both large centralized and many small decentralized miners will coexist, each with advantages.

In simple terms: Both big and small miners will exist.

Key Takeaway

Support diverse mining ecosystems.

Themes

technology economics decentralization

Mood

analytical forwardlooking

Type

economic strategic

When to use this quote

  • cryptocurrency mining
  • cloud storage
  • edge computing
  • resource allocation

Key Concepts

scale economies network effects

Questions to Reflect On

  • What safeguards ensure small miners thrive?
  • How to prevent centralization of power?
A Different Perspective

Centralized miners may dominate market power.

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