The panel included Nishant Sharma, Johnny Yao, Mike Francis, Chris Manzano and Kristy-Leigh Minehan, all of whom have a plethora of experience in ASICs

After each of the panelists discussed the options available, the conversation went more toward supply shocks and technical upgrades for equipment in the space, specific to the idea that we have been stuck on 7 nanometer (nm) chips for quite some time.

“We don’t think the focus should be on nanometers or chip size," said Manzano who works with Bitmain, a leading ASIC manufacturer.

[Francis] eluded to the future of innovative hardware which is hard to predict, and noted that not every company can afford data centers, which will lead to specific forms of innovation.

Sharma asked the panel, then he turned specifically to Minehan to ask about her thoughts on what changing the proof-of-work consensus model for bitcoin looks like.

“Anyone who is suggesting to change bitcoin’s proof of work, simply does not understand how elegant Bitcoin’s design is,” Minehan answered.