Bitcoin Forum
January 21, 2018, 03:00:05 PM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
Author Topic: ASICs are good and more centralisation is inevitable  (Read 1353 times)
Offline Offline

Activity: 98

View Profile WWW
March 28, 2014, 05:37:10 PM

unfortunately I have to agree:

network topology and brittleness aside, the optimum engineering solution, the solution that gives the highest hash per $ is one specialised datacenter, close to a power generation facility. of course it could not rest on its laurels for long as competition would evolve to undercut it.

i think in the future their will be a smaller number of competing large hashing operations. very large data centers.

but there is more to worry about than the trend toward centralisation... a fractional reserve like protocol will be created atop the base Bitcoin protocol where user debt becomes bank credit all over again.

still you will make good profit by holding. HODL!

CORTEX7 Multi exchange Bitcoin trading client for Win, Mac, Nix, Android.
Pages: « 1 [2]  All
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!