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RE: Just like in the original gold rush, it's the ones selling the picks and shovels that get rich
That's a bit of a worrying trend if you ask me. If a company can control 70-80% of the mining market, than that can't be a very good thing in my opinion... These numbers are just out of control aswell. Do you know if this can really have a direct impact on the market? Is it really as bad as it sounds?
It just means it can't last if prices stay anywhere close to these levels. More competition is coming, which is a good thing.
@tuwore True, having 70-80% of the control of something means it is not decentralized, which is obviously in stark contrast to the whole idea of what this digital revolution is all about! I think once people gain so much power in a certain space in society it is very hard if not impossible to re-distribute that control out as well unfortunately.
I hope more competition is coming from Samsung and other chip manufacturers. I cannot imagine that any major chip manufacturer can afford to ignore a multi billion hardware market.
very true, good point :)