REF-A: i've been saying for months now that ASIC mining companies will NOT result in centralization of the network.
REF_B: the competition is so intense to sell these chips and rigs that a company CANNOT AFFORD to ignore the small mining segment. just look at the price of the BabyJet. $5600?
In re
REF-A: I hope that you are right. I don't see how it
cannot; Just this week, there are several IPO structured offerings with network-presence-level strategies. Either through direct investment, participation joint/venture, or otherwise, these entities will be able to command USD cost per TH that the independents can't hope to attain. And we know that, in spite of the broad benefiical "ownership," the
direct network participation is centralized, and we know the risks there.
In re
REF-B: I haven't looked at the offering, but I glean here that it's 400-500 GHps at the end of October- for 56 BTC paid today. I don't know, in absolute terms, even
ex-ante, how good a deal that is. It certainly is, in relative terms, a good deal.
But that may just be saying that your's is the first proposed offering that isn't extracting the monopolist's rent that the market, starving for hash power, was willing to pay to each successive group that would dangle the promise.
i guess he drinks it, right?
