Quote from: parmatiya on July 05, 2016, 10:55:37 AM

Quote from: Bokelka on July 05, 2016, 06:32:52 AM

Quote from: limbaugh on July 05, 2016, 04:36:13 AM

Quote from: Tmdz on July 04, 2016, 07:07:58 PM

GPU or ASIC...it makes no difference once the farms start mining. In Ethereum it only takes 3 of the major pools to make decisions on a specific fork for the entire network.

Bitcoin is same.

It's not the same. Bitcoin's blockchain is owned by China ASIC manufacturers. ETH PoW is available to anyone and uses off the shelf hardware. As long as it stays that way ETH will be as close to decentralization as it gets.

Ethereum mining is more decentralised than the bitcoin mining. But it will gradually centralise in cheap energy places.

That will happen to any PoW coins including bitcoin and the Ethereum. The cost of mining determines that.

I heard there are quite a few bitcoin farms in Iceland. The cost of electricity there is very cheap. The labor is more expensive.

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