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by WJW 1497 days ago
Perhaps, if and only if bitcoin manages to win out against the traditional banking system AND the governments of the world do not regulate miners into oblivion. Even if some form of cryptocurrency does win out against the combined might of traditional banking and governments, let's hope for the sake of these mining companies that the winning currency is one that both depends on Proof of Work (I can stake PoS chains just fine from a raspberry pi, after all) and also requires hashing of the type supported by the current equipment of the miners.

All in all, the chance that a crypto mining company becomes one of the richest businesses on the planet is slim and the chance that that company will be one of the mining companies already existing is slimmer still. Buyer beware when investing in the current crop.

1 comments

As someone who is more familiar with BCH rhetoric, I can tell you that what the parent comment is referring to is not mining companies but rather LN relay node operators and other "services"

https://www.youtube.com/watch?v=UYHFrf5ci_g