Decentralization continued, really??. Sorry Bitmain, while you guys have provided lots of good product to consumers the decentralization train left the station some time ago.
Why does everyone quote ck like he is a God? He's just one person, like everyone else. He has no additional knowledge of the market, like everyone else.
fact is that the U3 wont make any profit unless there is a drastic shift in BTC value - which would still ensure better profits for a larger miner anyways.
IMO ck's post is accurate, and it shouldnt be surprising that the bitcoin service will slowly centralize in areas where power is cheap. Even 2 years ago there were guys running $50,000 worth of GPUs in their garages or even rented buildings - those people now run $200,000 farms