What Are the Trade-Offs of Using a Multi-Algorithm System in Terms of Miner Accessibility?
The primary trade-off of a multi-algorithm system is that it increases security by requiring diverse hardware, but it simultaneously decreases miner accessibility and potentially centralizes mining. Requiring specialized hardware for multiple algorithms can exclude hobbyist or smaller miners who cannot afford the diverse equipment.
This could lead to mining power concentrating among a few large entities that can afford the multi-algorithm setup, ironically increasing centralization despite the intent to diversify.