Hashr8OS CEO: Crypto community's reliance on ASIC miners is consolidating China's mining center status

Crypto mining application Hashr8OS CEO Whit Gibbs recently stated that ASICs dominate the global mining pools and are the first choice for most miners. The logistics foundation makes it a long time to transport ASIC mining machines from China to the rest of the world, but it is very easy for Chinese mining machines to get them. The community's dependence on ASICs has further consolidated China's position as a crypto mining center. Gibbs pointed out that with the intensification of competition among mining machine manufacturers, the life cycle of mining machines may be reduced. Regarding the halving of Bitcoin, Gibbs said that when the reward is halved, it must be considered that many people's production costs will double.