Quote from: bitmover on Today at 02:14:58 AM

Quote from: btc-room101 on Today at 02:09:12 AM

But really what we need is low-cost, low-energy miners, to widely disperse the 'consensus'; The current high-power usage of ASIC in China is what is causing fee's to skyrocket.

There must be diversification of 'mining', can't have it all in CHINA. Trouble is CHINA also makes all the Mining HW,

Even the better alt-coins have given up fighting the GPU wars, and have just let bitmain sell equi-miners, and eth-miners; There used to be a real drive to keep the MINING on the CPU, so that everybody could mine & host a node, but now while you point out there are 100k dispersed nodes worldwide, all mining is done is CHina, or the majority, and all user the Chinese HW, which all calls home to china;

Real problem for future of BTC, but given that CHINA owns alll the media conduits, and exchanges, and pools; Nobody can seriously do anything except remain silent.

Things are not that simple.
THere are reasons for mining centralization in China.

In China they have very cheap energy, as they locate some mining farm near the largest hydroelectric power stations in the world.

It is also cheap to buy mining hardware in china. They have the ideal economic situation to mine bitcoin...

NO they don't have cheap energy anymore.

The real reason is that GIVEN they make all the HW, they got first access. Then when its USED & old they ship it to the west for resale.

Also China, had hydro dams coming online, cheap power in the forecast, now the rivers are running dry last 5 years, this year is terible; so they have moved to coal

Various regions in China are talking about raising rates from 0.02$ ( two cents kwh ) to 25 cents kwh, which is what most of ASIA pays, which is more than say PNW pays ( 0.15 )

Mining centralization? Will we shipped all the manufacturing jobs to China, we shipped all the contracts to make ASIC miners to China, they stole the designs, they built all the miners for themselves, and they took over MINING +67% long ago, today they control the blockchain.

WHAT ARE YOU GOING TO DO ABOUT IT? This is the question?

Sure china had subsidized power, just like housing, just like Russia; Its all poltical north of the yellow-river, you have centralized heating, out you don't. So the miners moved all over the north, and took advantage of this cheap subsidized gov power, now its game-over;

But the un-winding could take years, and then why should the chinese miners move to the west? They will just go to Mongolia, or Iran, lots of places; Hell USA has the most coal reserves on earth, in the long term picture using the current direction as a vector, all mining could be done in the USA the entire atmosphere becomes black, but everybody is rich. Musk will be on Mars mining DOGE.

Something has to be done, to have a low-energy cpu based mining strategy, that is equitable to everyone, then fee's are low, and consensus is real, today nobody talks about CHINA controlling consensus its a taboo topic.