Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
solex
on 20/01/2015, 05:57:50 UTC
the 2 *olfi's around here seem incapable of noting trend in the mining distribution charts, ie, moving towards decreased centralization as mining becomes commoditized.

I don't think the *olfis have been around long enough. Distribution was far worse previously:

January 2012                                                                                                April 2013



What is your point?  The disaster did not happen until now, so the risk does not exist?

In 2012 and even in 2013 the miners were not as stressed as they are now.  There weren't as many big farms as there are now, were there?

Cartels and monopolies take years to form.  The big miners and pools are still in flux, but may soon stabilize (centralized). 

The point is that mining is becoming more decentralized, and this much reduces the likelihood of "cartels".