i just saw the antminer Z9 . and i wonder now about the decentralization for cryptocurrencies. some smart people will come and reply "everyone ccan buy Z9 = decentralization ". but this is bullShit. it still 1 company one point of failure . Antbleed , Backdoors. etc . just imagine if shitmain have a hidden backdoor inside each one of those miners . shitmain will control your money .
i used to vote and fight for cryptocurrencies as it has lots of advantages over banks big one of these advantages was decentralization but not anymore . if one company or two control our money then this will be totally scam and shity future . i have 100s of banks in my country i can chose anyone of them , now only 1 company can control my money LOOOL .
if cryptocurrencies will continue like this without true decentralization then cryptocurrencies are shit and SCAM .
true decentralization MUST avoid ASIC ( at least until we have lots of ASIC makers in different countries )
So what they should have consulted with the other asic manufacturers to make sure everyone dropped one at the same time? Then it wouldn't be centralized?
Mining GPU's ultimately come entirely from two companies.
What is your point exactly? Just to bitch about bitmain?
as gpus could be used by gamers and miners were a small segment of the market it provided the illusion of decentralization and competition between the gpus producers, sadly with the december rush, and those building hundred of rigs the mining demand outstripped the gaming crowd and so began the end mrsp or below to beyond the moon.
some made money, other lost it, but the decentralization is problematic with pow. who owns the fabs wins. can't make asic in the latest process... poor you, you will even be quicked out of your energy source as you are less profitable than the new comers who owns the latest asi chips