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RE: KNC bankrupt. Beginning of the End of Mining Centralization?
The post paints a positive picture of mining becoming more decentralized, and that is indeed possible, but it is also possible this just means more concentration with a few players in China for the foreseeable future.
In the short term, that is unfortunately a possibility. Let us just hope that consumer products will start becoming a viable option quickly enough to avoid big datacentres with free power gaining too much power. I'm just waiting for the first line of Electrical Bitoin Heating products. Internet of Things :D