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Maybe someone could enlighten me : aren't next gen DLT moving to proof of stake ? doesn't this mean the cryptographic power needs are going to be reduced dramat
by bsaul 8y ago
Maybe someone could enlighten me : aren't next gen DLT moving to proof of stake ? doesn't this mean the cryptographic power needs are going to be reduced dramatically ?
- Laforet 8y ago>next gen DLT moving to proof of stake This might happen, but Bitmain's future does not appear to have much to do with blockchain. The company supposedly diversifying into ASIC designs for AI/ML/flavor of the month applications and is expected to do well in the post-Trump political environment, hence the attention by investors.
- SkyMarshal 8y agoHow does the political environment affect them?
- lozaning 8y agoIf I had to guess I would assume the above poster is referencing that there is a push within China's political atmosphere to turn inward and start developing more critical tech at home. At the heart of all the cheap Chinese android phones is generally a qualcomm chip, much to the chagrin of the Chinese government. BitMain is likely well positioned to take advantage of their governments increased attention and investment in the high tech sector.
- Jommi 8y agoYeah, talked with multiple people working for them here in China. They are hiring a lot of people, even fresh grads, from top universities in China to build ASICs for AI/ML. I got told that the time creating those is already 5-times bigger than the BTC asic team.
- lawn 8y agoMany coins are but it's not sure they will work properly and securely. So far POW is still king.