Topic: Are We Being Fucked? The centralization of Bitcoin - page 3. (Read 386 times)
Mining has been deeply centralized for a very long time, I don't think it's anything new. Maybe the op just didn't know and feels shocked because of that...? I agree that it's not perfect, but it's still much better than with fiat, where there's one authority that not only issues but can also 'burn' banknotes. Moreover, a mining pool has tons of clients, right? So it's not like there are a couple of people in charge of 51% of hash. So it's bad, yes, but not as bad as it might look. Not to mention that mining is just a part of Bitcoin's ecosystem, and there are other ways in which it is decentralized as well.
foundry is a DCG company
antpool is a bitmain company
so calm down just a little. the tin foil is not needed
..
the whole story is.
people(customers) that want to purchase bitmain hardware(asics) but dont want to run them from home can(option not pre-requisite) finance the purchase and then get the hardware sent.. via foundry.
whereby for a management fee foundry will run the asics for customers that want to use/buy bitmain hardware
DCG(foundry) obviously make profits on management fee's from coin rewards.. and also on the spread between bitmains retail prices customers see vs the wholesale cost DCG(foundry) actually pay for the hardware
bitmain is a hardware manufacturing busines with a side service as a pool for international customers that want to use their pool(option not pre-requisite)
DCG(foundry) are a financing company of many companies. and yes DCG has alot of fingers in alot of pies
(kraken, riple, circle, genesis, coinbase, heck even FTX was a sister company of DCG but shhh they dont want that mentioned much)
https://dcg.co/portfolio/
bitmain is not owned by DCG. they just done a deal together to purchase alot of asics and where DCG profit from being the middleman of purchasing at wholesale/bulk. and charging customers at retail and management fee some of that end-sold hardware to customers
antpool is a bitmain company
so calm down just a little. the tin foil is not needed
..
the whole story is.
people(customers) that want to purchase bitmain hardware(asics) but dont want to run them from home can(option not pre-requisite) finance the purchase and then get the hardware sent.. via foundry.
whereby for a management fee foundry will run the asics for customers that want to use/buy bitmain hardware
DCG(foundry) obviously make profits on management fee's from coin rewards.. and also on the spread between bitmains retail prices customers see vs the wholesale cost DCG(foundry) actually pay for the hardware
bitmain is a hardware manufacturing busines with a side service as a pool for international customers that want to use their pool(option not pre-requisite)
DCG(foundry) are a financing company of many companies. and yes DCG has alot of fingers in alot of pies
(kraken, riple, circle, genesis, coinbase, heck even FTX was a sister company of DCG but shhh they dont want that mentioned much)
https://dcg.co/portfolio/
bitmain is not owned by DCG. they just done a deal together to purchase alot of asics and where DCG profit from being the middleman of purchasing at wholesale/bulk. and charging customers at retail and management fee some of that end-sold hardware to customers
so no one here wants a centralized bitcoin.
But what has happened recently? I heard that there are two mining pools that are actually controlling 51% of the global hash rate.
I felt heart-breaking. If btc is going centralized, then i don't know who i can trust.
I wish i was wrong, but look at this:
https://cryptoslate.com/behind-the-two-mining-pools-controlling-51-percent-of-the-global-hash-rate/
Only true replies here.
But what has happened recently? I heard that there are two mining pools that are actually controlling 51% of the global hash rate.
I felt heart-breaking. If btc is going centralized, then i don't know who i can trust.
I wish i was wrong, but look at this:
https://cryptoslate.com/behind-the-two-mining-pools-controlling-51-percent-of-the-global-hash-rate/
Only true replies here.
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