Bitcoin mining does not grow expensive due to centralization of mining hashrate except they try to manipulate the network. What makes mining more expensive is the introduction of more sophisticated mining gear.
- Jay -
I never said it did
You said hash centralization wasn't in the hand of the government
Was just trying to point out that's its still in the hands of centralize group
Doesn't mean its any better.
Yeah am aware that the hardware(ASICs) upgrades to increase hash per second are expensive thus the increase in Bitcoin mining cost
How is the reduction independent from mining sector?
I thought halving reduces Bitcoin mined per block
Higher hash rate are needed for higher computations to validate transactions and expensive hardwares boast of better hash per second.
As the halving continue it would get harder to get a Bitcoin so miners would continue to pool resources together to get better machines to create higher hashes