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A comment on Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014). Parent comment

Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by jki275 on Monday February 15, 2021 @07:14PM (#26149473)
They possibly can. Nearly all of them are in China, and nearly all of them are owned by a single company that manufactures the ASIC processors that do the mining.

This is why I'm not a bitcoin maximalist and I'm not a huge fan of it. I have a suspicion that eventually it will fail.

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