https://ift.tt/3Io4D0j am concerned about the deal between Intel and GRIID

So I recently posted a link to the news that GRIID, a Bitcoin mining company based in Ohio, has inked a deal with Intel to secure their new BZM2 ASICs.

This deal concerns me primarily because it represents the world’s largest semiconductor chip manufacturer by revenue coming into the ASIC and mining space with what could be far superior technology that would undermine the efforts of other Bitcoin miners and more widely available ASIC units.

As demonstrated in the article linked below, “GRIID will have access to a significant share of Intel’s future production volumes.” – this is the kind of behaviour that represents a centralisation risk in my estimation. What we could be seeing here is the beginning of government control of the hashing power that secures Bitcoin. The reason is that, as the technology becomes more advanced and refined by these institutions, the barrier of entry to creating these units grows inexorably higher.

Ultimately, if it gets to a point where only the largest semiconductor chip manufacturers can create profitable ASIC mining rigs, then there is a single point of regulation and control that can and will be levied upon Bitcoin by the government. One would need a license to obtain these machines, and without that license, one could not be profitable in securing the Bitcoin network.

So I’m putting this to the Bitcoin community. Is this something to be concerned by? How can we respond to this threat, if it is indeed one?

source: [https://finance.yahoo.com/news/bitcoin-mining-startup-griid-inks-015017154.html](https://finance.yahoo.com/news/bitcoin-mining-startup-griid-inks-015017154.html)

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