4 ms·
> It is inevitable that a manufacturer of BTC asics with access to cheap power will become large enough to control 51% of the hash The ASIC manufacturer would
by robocat 1y ago
> It is inevitable that a manufacturer of BTC asics with access to cheap power will become large enough to control 51% of the hash
The ASIC manufacturer would also need a backdoor. ASIC manufacturers don't control mining.
Large miners are unlikely to allow backdoors into their mining network.
- fruitworks 1y agoASIC miners often do control mining. They often mine with chips before they drop them in the public market
- passivegains 1y agoI think they mean the manufacturer would just keep most of the stock for themselves. Reminds me of that famous Scarface quote: "You should get high on your own supply, it's a great idea that won't end horribly."
- idiotsecant 1y ago>ASIC manufacturers don't control mining. I dont think you understand the BTC mining ecosystem