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I've posted here before about it. I'm of the opinion that it currently is not decentralized. There is such a shortage of hardware that can be competitive right now and there are only a few organizations that can get their hands on them. I think this problem is just going to get worse when the manufactures start to realize it doesn't make sense to sell any of their miners at all.


Agree, the electricity for the mining is even more centralised. That really is the point of control on this whole thing.


Electricity is a big deal even without crypto. Look at Texas right now - people have more to worry about than their mining rigs being offline




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