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> Nobody has a 1e20x more efficient Bitcoin miner either The miners today are 1e20x more efficient than the original CPU based miners. I mean, maybe not exactl
by latchkey 3y ago
> Nobody has a 1e20x more efficient Bitcoin miner either
The miners today are 1e20x more efficient than the original CPU based miners. I mean, maybe not exactly 1e20x, but we saw insanely massive improvements, in only 9 years.
> Now, if there’s one weird trick to 1e20x your efficiency, and only one group gets it, all bets are off.
Only one group really did get the massive efficiency increases... Bitmain, a Chinese company. They sold machines and even mined with them before shipping them to customers.
Are all bets off with Bitcoin today? Nope.
- foogazi 3y ago> They sold machines and even mined with them before shipping them to customers. At what efficiency treshold do you not sell the product to your competition?
- latchkey 3y agoI think the game is deeper than that... what incentive do you have to destroy the foundation your business is based on top of?