How nobody in the bitcoin community really knows how mining works and how much centralized bitcoin mining is:
80% of all miners produced are by a single chinese company that has violated GPL and installed backdoors into their mining firmware
60-70% of all hashrate is controlled by two pools (Foundry & AntPoolFriends)
We're talking in Bitcoin always about open source, but mining is super far away from this. And especially the mega miners don't see a problem in that at all. I'm pretty sure though if their shareholders actually would know that a megaminer is basically completely dependent on a single vendor that makes closed source software&hardware and with that creates a massive risk, they would demand change.
That is exactly what we are trying to solve at the 256Foundation: making a complete open source hardware and software mining stack, so that we can decentralize mining again.
How nobody in the bitcoin community really knows how mining works and how much centralized bitcoin mining is:
We're talking in Bitcoin always about open source, but mining is super far away from this. And especially the mega miners don't see a problem in that at all.
I'm pretty sure though if their shareholders actually would know that a megaminer is basically completely dependent on a single vendor that makes closed source software&hardware and with that creates a massive risk, they would demand change.
That is exactly what we are trying to solve at the 256Foundation: making a complete open source hardware and software mining stack, so that we can decentralize mining again.