So the big problem is that Market Forces are the largest decision factor in any distributed system.
Right now the barrier to entry is relatively low. Miners just need cheap electricity and off the shelf GPUs to get started. It's also well known to use and get started with building your own mining cluster.
The only way to fix it is to introduce graduated electricity rates that increase as more electricity is used.
Right now the barrier to entry is relatively low. Miners just need cheap electricity and off the shelf GPUs to get started. It's also well known to use and get started with building your own mining cluster.
The only way to fix it is to introduce graduated electricity rates that increase as more electricity is used.