3 ms·
That sounds good in theory, but I can't help but wonder if this has actually contributed to the huge power draw. Sure they're more efficient, but due to their l
by Arbalest 8y ago
That sounds good in theory, but I can't help but wonder if this has actually contributed to the huge power draw. Sure they're more efficient, but due to their limited availability, it encourages the big players to consolidate, knowing the barriers to entry are very high for would be competitors. This results in a technological arms race among the biggest players, confident that there will be no added competitors who will come out of nowhere. As they add to their holdings, they also necessarily increase their power consumption, making for an opportunity cost of that otherwise cheap power to other uses.
- mrb 8y agoThe trend of power consumption is no different between GPUs and ASICs. Either way, miners will always be competing to add more and more capacity.
- Arbalest 8y agoWell my point was that, the confidence of not having serious new competition encourages even further investment, beyond the alternative. This is because their future returns are more predictable.