Quote from: bearsworth on July 06, 2018, 09:08:52 PM

As a miner I think Bitmain is something to be feared. No one really like miner centralization. However, after much thought and analysis, I believe Bitmain is a necessary evil.

Bitmain is required to help boost prices of Bitcoin up. They sell hardware and prevent other competitors from entering because they will actively re invest back into cryptocurrencies. I can't say the same for other mining companies and it seems better than giving money to Nvidia and AMD in the long term.

I've written a full article on my thoughts here: https://bitrpc.com/2018/07/06/how-bitmain-plans-to-rule-mining-and-influence-coin-prices

Please share your thoughts if you have varying opinions or insights regarding Bitmain.

I guess this article will give a lot of answers regarding it
https://ethereumworldnews.com/bitcoin-gold-new-algorithm-asic-centralization/

We are anti asic and we need new algorithm to prevent asic centralization. Asic has created by a greedy person. It can't be trusted. I hope anything will move to the POS system.