pull down to refresh
I got this.
ASIC is not a company or brand. It’s “application specific integrated circuits.” Like CPU or Central Processing Unit is not a company or brand.
Intel as a company might have a monopoly on producing CPU chips, but anyone can produce them.
Chinese Bitmain Antminer almost had a monopoly on producing ASIC miners, but there’s more expensive American options like Whatsminer.
reply
nah I know what an ASIC is lol, I am curious about the CPU power centralization to huge mining farms that use a lot of ASICs.
we like to speak about decentralization yet this is somehow okay?
idk if mentioning monero is allowed but they have a nice way of preventing monopoly of huge mining farms.
reply
You’re right that mining pools exist
reply
I'm new to the math of bitcoin but can someone explain how ASIC Miners creating a monopoly on mining is "decentralization" exactly?