Post
Topic
Board Mining
Re: The State of Cryptocurrency Mining by David Vorick (Sia)
by
Dalkore
on 08/06/2018, 17:23:07 UTC
Yes it's a good article and it's accurate. What's frustrating for those of us that lived through the conversion of bitcoin from CPU to ASIC is that the rules and issues have never changed, and we see the same mistakes being made over and over by both new manufacturers and newcomers into the game trying to capitalise on a market they think they understand. Bitmain have got the mining world by the balls and that is not going to change by anyone trying to take them on by the same rules they play by. I've been warning people since the first ASICs got announced but alas no one listened, and then I just gave up trying to warn them... No one seemed to want to believe me and for whatever reason very few every considered consulting me despite my obvious position in the mining world.

Me too ck.  When ASIC first hit I told people this is now an arms race that will lead to ultimate centralization in to a handful of large mining operations that will gather a majority of the coins and fees.   I remember reading your posts on this too and you were right.