6/ Solution for variance in finding blocks: join a pool. Currently, Stratum pools are popular. The downside of Stratum pools is that miners give up the right to propose blocks & harm decentralization. With BetterHash proposal, this will hopefully change.https://twitter.com/hugohanoi/status/1004455570953330689 …
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17/ GMO is rumored to have started looking into 7nm ASICs. It'd be curious to see performance benchmarks in June, as this seems to be *well ahead* of the chip industry.https://twitter.com/coindesk/status/999578504550330369 …
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18/ Nevertheless, the trend is clear: we’re running into hard limits. a/ Practical limits of minimization. b/ Beyond these limits are other limits: energy efficiency limits, computational speed limits.
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19/ So what’s the best strategy for miners here? Absence of a major tech breakthrough, when we run into these limits, ASICs will likely become commoditized. In which case this variance will resolve itself out.
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20/ However, in the short to medium term, miners probably need large investments in chip design / manufacturing / supply chain to stay ahead of the curve.
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