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Are you sure about that? Do you not think the mining is extremely concentrated by a handful of big players and is going to become increasing more so as the hard
by mrits 6y ago
Are you sure about that? Do you not think the mining is extremely concentrated by a handful of big players and is going to become increasing more so as the hardware needed is becoming more difficult to obtain?
- 3np 6y agoThis is a bit of a myth. The actual mining is very fragmented and so are the Chinese mining pools.
- mrits 6y agoThere is an appearance of fragmentation. If you look at the order from the supply chain it would lead you to believe this is not the case. It's not going to be even be easy for anyone in retail to get an ASIC miner for the foreseeable future.
- 3np 6y agoHardware manufacturing for ASICs is indeed mainly from Bitmain and a few others - how does that matter here?
- 3np 6y ago(Too late to edit, but to get the point home): Would you argue that non-blockchain computing is centralized just from the fact that Intel and TSMC arguable control the CPU manufacturing?
- mrits 6y agoBitmain gives preferential treatment to certain vendors. This is problematic with a massive supply shortage. It makes it worst when the hardware that already exists starts to become worthless.