Doesn’t “minimiz[ing] wealth concentration by imposing a competitive cost on obtaining coins”, basically translate to “only the wealthy can afford the compute r

Doesn’t “minimiz[ing] wealth concentration by imposing a competitive cost on obtaining coins”, basically translate to “only the wealthy can afford the compute resources needed to mine”? So, not really minimizing wealth concentration as practically gauranteeing that only those with a tremendous amount of resources to waste on PoW will see any return? In fact, the first link in the post [0] touches on this point very well in the first 30 min or so. [0] https://www.youtube.com/watch?v=YQ_xWvX1n9g https://www.youtube.com/watch?v=YQ_xWvX1n9g