ASICs are rapidly approaching the marginal cost of production and ASIC accessibility will not be restricted to VIP’s. People with low cost power and efficient use cases (EG waste heat recovery) will dominate . Mining decentralization is bound to improve.
Additionally, what would prohibit large miners from using short term profits to patent asic tech? Do you see patented ASICS as a problem for individual adoption? For example, maybe large miners develop asic tech, patent, + lease out to individuals where power cost is worth it
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How does patented asic tech change the issue? GPUs and CPUs are patented tech and have plenty of user base. Why mining chips would be different is beyond me. Idealism in Bitcoin continually gives way to pragmatism
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In reality the leasing is little different from selling. It provides a possibly better financial arrangement for both the miner & the lease company. But that doesn't change the fact the manufacturer can't provide power to absorb excess inventory in bear markets
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This is fascinating stuff. Thanks for clarifying.. I've heard desantis suggest that the state should start mining operations at the power source. However, IF global adoption of
$btc starts to rise, wouldn't large mining operations be very profitable in the mid-term? -
Of course! It's just that those are likely owned by the energy producers. I'm maybe not quite such a statist
@desantis but the State has a vested interest in the productivity of her citizens and that depends on energy. The State should at least be encouraging such operations
End of conversation
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