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0 sats \ 3 replies \ @028559d218 OP 17h \ parent \ on: The "Silver Lining" to the Tariffs - forcing Hashrate OUT of the United States bitcoin_Mining
interesting thoughts.
asics not cutting edge... but the largest manufacturer is bitmain. it is a centralization of mining hardware (not energy) and it's expensive and slow to develop new competing chips.
block is making one, maybe one other US company and also a few oversea firms but it will take time. bitmain makes the rest and we need an honest conversation about this.
if bitcoin becomes the neutral reserve currency for fx we are going to the ******* moon
i agree with that about the power grid and yes elasticity is very interesting.
as far as the tariffs go... the logical conclusion is that they reduce US access to hash in the medium term. short term no asics already here... long term maybe not but medium absolutely. the us has less hash.
i want to see miners pointing at ocean or other small pools running off hydro or solar in africa and south america. that's the lightbulb moment...
bitmain makes the rest
That's just one assumption, its also long been assumed that the massive increase in hash rate is due to some other chips being made that aren't publicly available.
Bitmain has no moat, if an American fab wants to start cranking out chips they can... and tariffs give them even more reason to than they had before.
The other variable not accounted for is the fab making Bitmain chips has to start making other chips because of China's lack of access to US chips
Agreed that pools and block templates are a concerning centralization vector, but I'm optimistic given all the solo blocks being found and things like Heatbit ramping up. I expect in ~5 years any appliance in your house that uses a heating element will have options for a version with a chip-based heating element.
Every houses hot water heater mining sats means every homeowner get to vote with hash rate which will make pools/templates more user-aligned and therefore decentralized.
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i hope you are right, all this stuff is really interesting.
i'm not to the point of getting a mining hot-water heater... but i have a btc apollo i sit next to in the living room instead of running the heat. i would order another one but they are sold out i wonder why...
i really hope you are right about bitmain... that hw centralization i have heard over and over again and i have no reason to believe it's not true
the hash rate increases are really stunning
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Check out Heatbit... I know he's been marinading on other possible appliances. Very bullish on that operation.
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