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Except transitioning back to the real world proof of work situation, it’s dominated by players who make their own ASICs and have access to the most heavily subs
by johncolanduoni 6y ago
Except transitioning back to the real world proof of work situation, it’s dominated by players who make their own ASICs and have access to the most heavily subsidized electricity. Newbies can’t even break even anymore.
- gus_massa 6y agoDon't confuse newbies with amateurs. It's like any normal industry. Anyone can build a car factory, you don't have to go to Ford and buy a lot of toy cars that they made a long time ago. You just have to hire the right people and build it. Anyone can build a space rocket factory, you don't have to go to NASA and buy a lot of Moon rocks they collected a long time ago. You just have to hire the right people and build it. You have to be Elon-Musk-rich to do any of them anyway.
- wmf 6y agoIt has been alleged that anyone cannot build crypto ASICs due to sabotage. https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b https://blog.sia.tech/the-state-of-cryptocurrency-mining-538...