Summary

In this chapter, we explored what may be in store for Bitcoin Mining. Mining may become more centralized and there is evidence to support that argument. At the same time, it is also possible that mining will become more decentralized. We are already seeing steps being taken in that direction. PoW, while being a good algorithm for initial distribution of a digital currency, may not be the best way to secure the blockchain in the future. We will probably see PoW being replaced by a different algorithm.

We hope that you have enjoyed reading this book as much as we have enjoyed putting it together. Mining is an exciting topic to discuss and even more exciting to practice. We encourage you to put what you have learned in this book into practice by setting up a miner of your own. You can set up and configure the hardware and software required by following the instructions in previous chapters. You will gain some knowledge and you will be able to say that you were a part of Bitcoin mining...