Shower Thought —> The BU/2MB/Segwit “debate” is a last-ditch effort by Chinese Miners to secure their monopoly before they lose it completely to hardware equalization in 2019.

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Andreas gave a great response in a Q&A (30:08-34:24) to a question about centralization.

Summary: Today, bitcoin hardware becomes obsolete so quickly that it's only profitable if you use it for mining in the same country that it is manufactured. (Shipping and Customs take too long.) The reason for the high turnover rate is because ASICs have been progressing faster than Moore's law as they play 'catch-up' to the current limitations of nanometer scale.

But that catch-up day has arrived, as of roughly January 2017. It will take another 2 years before we see the impact – roughly early 2019.

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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

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Ticker

1 BTC = $53638.72 USD  (via Coinbase)
1 ETH = $4215.00 USD  (via Coinbase)
1 LTC = $189.77 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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