I'm not sure how many of you out there on this forum are "miners", in the Crypto-space (Bitcoin etc) or even care--but this is important for tech in general. Like an open & free Internet. Think of Crypto as Wave 2.
Decentralization is the heart and soul of the crypto movement. Centralization means anyone or thing--typically a "government" in command or control. Well for the Crypto space it looks like there a lot more to it than what meets the eye.
The entire crypto movement is enabled by "mining" which are the computing processes that run the networks. Way back when that was "individuals" using their own PCs to keep Bitcoin (and now all the other coins) well--an individual statement.
ASICs are specialized chipsets that basically just "mine". They are very efficient and extremely fast. As much as 100x faster than a PC with a GPU card. Massive farms have sprung up by industrial backers to extract profits. I'm ok with free markets--and that is the way it goes. BUT--no one really knew how much or how many "ASICs" were out there... well now we know. Monero just recently changed the algo for mining the network on April 6th. The entire amount of global computing power on the network has been reduced by 80%--EIGHTY PERCENT. So whether it is government(s) or large scale industrial actors--there remains a war on the individual.
Huge hats' off to the Monero Dev team for fighting for the little guy. If you are not aware about mining and the tremendous contribution it makes to all things crypto I would encourage you to learn more....
I would encourage everyone in the Cryptospace to fight for decentralization--because in the end it does affect you.
If you are ASIC Farm, well, looks like you just got punched in the nose by the little guy!
Submitted April 09, 2018 at 02:05AM by hashratez https://ift.tt/2HiMSRQ via TikTokTikk
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