Post
Topic
Board Hardware
Re: Visit of ASICMINER's Immersion Cooling Mining Facility
by
jimmothy
on 26/11/2013, 03:36:43 UTC
So much for a "decentralized" coin.

I appreciate the technical work, but images like these challenge my confidence in Bitcoin.
To me it just illustrated bitcoin mining's diminishing returns to scale.  I doubt this kind of operation will be viable long-term.  Heat is a waste product for these guys that's clearly expensive to dispose of.  But for small home mining operations, that heat can be put to good use heating the air and water.  Distributed mining also distributes financial risk.  These kinds of operations strike me as fat that the industry will trim as it matures.

There will never be an asic sold for less than the manufacturer can make it for.