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0 pointsZenoArrow10y ago0 comments

> "Why would you expect hashing power to become more distributed?"

http://www.businesswire.com/news/home/20151216005453/en/BitF...

"Valery Vavilov, CEO of BitFury, said: “We are very excited to launch mass production of our super 16nm ASIC Chip. The final results of our hard work have fully met our expectations. We understand that it will be nearly impossible for any older technology to compete with the performance of our new 16nm technology. As a responsible player in the Bitcoin community, we will be working with integration partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together. BitFury warmly welcomes all companies interested in joining our integration and reseller program.”"

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maaku10y ago

That doesn't address any of the concerns I raised.

ZenoArrowOP10y ago

Yes it does. If the article is correct, the 16nm BitFury chips will be sold to interested parties, so new mining capacity won't be dominated by a single company, thereby ensuring newly mined BitCoins can be distributed throughout the network.

If your concerns were about something other than distribution, please clarify.

maaku10y ago

They will be sold to interested parties.. and hosted in the same data center. Back to square one.

It takes a price per kW-hr differential of about $0.03 before it makes sense to put miners on a plane. That's far less than the power differentials one would expect, so those miners will stay put. Just paper ownership will change hands.

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0 pointsZenoArrow10y ago0 comments

> "Why would you expect hashing power to become more distributed?"

http://www.businesswire.com/news/home/20151216005453/en/BitF...

0 comments

maaku10y ago

That doesn't address any of the concerns I raised.

ZenoArrowOP10y ago

If your concerns were about something other than distribution, please clarify.

maaku10y ago

They will be sold to interested parties.. and hosted in the same data center. Back to square one.

1 more reply

j / k navigate · click thread line to collapse