Not fud. legit question

Mining & Hardware ASIC Mining
#1

I have entered in to this amazing journey of mining and have loved every second of it. It is something I greatly enjoy, however, through research, I have uncovered certain things that are a little concerning.

AGAIN. NOT FUD.

I do not pretend to know everything and I am asking you all to shed light on this. I am just looking for answers.

With the disclosures out of the way, I am having an issue with the whole “decentralization” of mining. I understand how it works but I do not know if it truly can be called “decentralized.” The core of my issue comes down to the machines and the mining pools themselves.

The fact of the matter is, most if not all of the miner manufacturers are Chinese companies and the mining pools are Chinese companies as well. So if we have the Chinese making miners and running their own mining farms as well as running the pools that miners are all connected to, then how can we have true decentralization? It sort of feels like the Chinese control the market in that aspect and we are just invited to make them a whole lot of money. All the while playing catch up with the ever increasing hashrate to then buy more machines from said Chinese companies.

Like I said, I love mining with my all heart, but like anything, it has its issues. I truly would love to be wrong and invite you all to please weigh in. I’m just calling it like I see it.

1 Like
#2

I can’t agree with you more

2 Likes
#3

I hope intel gets their ASICS out soon. It would definitely help with that

2 Likes
#4

I’ll say I agree but it takes US based companies to step up and make miners and start up mining pools. The reality is it’s cheap to mass produce and ship here then it is to produce here and sell here. Maybe Intel will make waves… Maybe not. Also if you look at their tech and ours here starting up a chip manufacturing company is you’re way behind in the game. Either starting from zero or reverse engineering on the market chips, reengineering, and producing your own products. Either way they have the hold on the market and will probably for sometime to come also. But hey… Someone raises the capital… I’d be willing to start up a chip company making US based miners and bring in some good talent… Hell probably people off these forums!

Doug

1 Like
#5

Prohashing servers are in Pennsylvania . They are in the process of going world wide with servers to help with errors etc. If you join their “trusted mining program” the fees are less than advertised.

#6

Thank you all for your feedback! I was a little nervous when I posted this but I’m glad that I’m not the only one with these thoughts.