Post
Topic
Board Bitcoin Discussion
Re: Samsung to Manufacture BTC Mining ASIC
by
Herbert2020
on 01/02/2018, 06:11:51 UTC
Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?

price of anything is based on supply and demand more than anything else.
so far the companies producing ASICs have not been so competitive, it is mainly Bitmain out there!!! so the more competition in different countries such as Japan, Russia, Canada,... will create a more competing market which not only reduces the price of it but also improves them a lot.

it can also contribute to decentralization of mining.