I think everybody could stop being so impulsive and be ok with 1 large prize every 5 years instead of 1,000 tiny prizes over the course of 5 years.
so paying electic bills for 5 whole years purely based on speculation that the nethash will stay the same?
after few months of paying bills without a single reward then that just make sense people would be leaving the network
like to give an example, when the nethash was at around 2GH/s i was able to solo-mine 2 blocks over few months
and despite the coin having done a x3 in price since, that the RNG was actually on my side, those were actually lucky blocks, well, those 2 blocks still didnt even pay for themselves, the electricity is just too expensive
now the nethash is around 6GH/s
now that would be even more speculative and RNG to mine
i got a few rigs, not that many but still more than the average videogamer that we trying to onboard, which in their case have like their gaming rig and that's pretty much it
they not gonna waste 5 years of electric bills based purely on speculation, considering that the nethash wont even be the same 5 years later
so yea, that would force people out of the network, making the overall nethash not as high as it could be (so more vulnerable to attacks like the Qubic thing back in 2025)
so while the mining proof of work is securing the network, imo botting proof of work is still the way to go to keep scaling, more profitable with better incentive
i mean, not replacing mining, but alongside, which would also give people an actual entry point into monero with their gaming rig to make a few piconero here and there (circular economy)
the nethash should keep growing, else it will still be very vulnerable to attacks like the Qubic ones, which monero got lucky there, it could have been way worse with more funding from adversaries there ...