Maybe this is off-topic, as Bitcoin is an implementation of a blockchain, but I'm interested in how the reward and consensus system works.
This video implies that, while expensive, it's not that expensive to calculate a correct nonce. Why, therefore, is mining now only viable to huge ASIC farms? My presumption is that it must be to do to with either speed (i.e., the farms get there first), or influence (i.e., the farms have more peers, so can sway the vote in their favour).
This video implies that, while expensive, it's not that expensive to calculate a correct nonce. Why, therefore, is mining now only viable to huge ASIC farms? My presumption is that it must be to do to with either speed (i.e., the farms get there first), or influence (i.e., the farms have more peers, so can sway the vote in their favour).