Is it? I’m the biggest miner -> I manufacture my own asic, don’t sell it -> I approach a smaller miner with cheaper access to electricity and offer to buy him out to run my asics on his power -> i get bigger. how is this not trending towards centralization?
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?
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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 operationsThanks. Twitter will use this to make your timeline better. UndoUndo
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