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Peter Todd
So that's potentially as much as 75% of the current Bitcoin hashing power in one place. A sane market would be selling right now.
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Alex Lawn 2 Nov 16
has been the only manufacturer to continue selling hardware direct to consumer (allbeit at inflated price), would
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Marius Kjærstad 2 Nov 16
Replying to @petertoddbtc
And the solution is Proof-of-Stake :)
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Alex Lawn 2 Nov 16
be pleased to see how they aim to ensure hashrate processes to become more decentralised now we have stalled..
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Alex Lawn 2 Nov 16
..at reaching 14nm for the forseeable future.
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Alex Lawn 2 Nov 16
alternatively core could focus on means for mining to be less prone to such centralisation?
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Peter Todd 2 Nov 16
We're doing everything we can; may not be a solvable problem. (alt-PoW's like Equihash appear to be a step back)
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Alex Lawn 2 Nov 16
Peter I kicked off the ASIC race bringing 28nm to Bitcoin in Sept 2013. 14nm is the first true step down & the..
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Alex Lawn 2 Nov 16
current ceiling in commercial silicon tech. 10nm is experimental and yield is low. Intel has it, but no commecial
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Alex Lawn 2 Nov 16
availability for foreseeable. I would like to see the mining hardware companies, of which Bitmain leads make..
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Alex Lawn 2 Nov 16
..mining more accessible now innovation will likely stall and current node becomes more affordable. It's easy..
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hitchslappy 2 Nov 16
doesn't understand this could harm confidence in bitcoin (if core value proposition is its decentralised nature)?
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Peter Todd 2 Nov 16
Hopefully - it's still a major problem that the market hasn't converged on that yet.
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Alex Lawn 2 Nov 16
enough to accomplish. Also perhaps Bitmain and 21 should knock heads and look at integration into consumer..
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Peter Todd 2 Nov 16
It may be that thinks it can get more reward from centralization - not everyone values decentralization anyway.
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Alex Lawn 2 Nov 16
..goods now the race has cooled?
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Marius Kjærstad 2 Nov 16
Replying to @petertoddbtc
And since Proof-of-Stake will never happen in , the solution is to move you funds into :)
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Alex Lawn 2 Nov 16
well it's about building a healthy ecosystem that services everyone's need and decentralisation is at the heart..
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Alex Lawn 2 Nov 16
..of that. There's many ways to remain commercially viable and profit as a manufacturer. More so than holding..
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Alex Lawn 2 Nov 16
..all the hashpower in one location playing by yourself. We can be smarter than that and still create win-win ;)
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