Re: Bitcoin MONOPOLY - Help Fight Against it (Read, Bump & Share With Friend's)
I always say, If you come with a problem, be willing to suggest a solution. So, how do you suggest, we as a community compete with a country with super low electricity cost and a clear advantage in
the manufacturing of Asic chips? The only possible scenario would be to approach Silicon Valley and to ask them to start with the development and research into Asic chips for Bitcoin mining and to fund
a huge manufacturing plant, where these chips would be manufactured, outside of China.
...You are talking about a huge capital investment here...
the manufacturing of Asic chips? The only possible scenario would be to approach Silicon Valley and to ask them to start with the development and research into Asic chips for Bitcoin mining and to fund
a huge manufacturing plant, where these chips would be manufactured, outside of China.
...You are talking about a huge capital investment here... Kprawn
I have long wondered why Samsung or some other big chip maker never went after making ASIC chips for mining BTC. Yes, I do understand that BTC ASIC chips are a niche product, but there would seem to be a profitable opportunity for a Samsung or a niche US chip maker. A serious chip manufacturer would likely blow BitFury, AntMiner, etc. right out of the water, at least that's what it seems like to me.
Cheap electricity and .gov cronyism in China would be separate issues re mining inside/outside of China.