For any of us that have either been in a guidance counselor’s office in their days at school, or attended any career advisors meeting, you’ll likely have one key skill etched into your mind: the skill that is regarded as one of the most valuable for success in the 21st century marketplace, Adaptability.
In the world of cryptocurrency mining, adaptability is certainly a word that can be put to use liberally, as companies attempt to one up their competitors with new, more innovative approaches to extracting crypto. This is particularly true with the manufacturing of specialized mining processors, as well as idle and custom circuitry.
While these would likely be jumped upon by an enthusiastic and competitive crypto mining space in 2017, these inventories litter shelves in light of the long winter that was 2018. While we would think that a spring would follow winter, there may very well be worse yet to come for the crypto mining industry.
It is worth giving pause for thought on the fact that cryptocurrency mining, which, as a very young industry, has evolved rapidly over the years.
Rapidly moving from being the past-time activity of small-scale miners in offices and bedrooms, to a massive production industry, one which has been overrun by international enterprises which make use of highly specialized mining rigs which are more broadly known as ASICs.
In some instances, in order to edge out some of their lingering competitors, and ensure a far better rate of odds in winning digital currency in a mining competition, respective mining projects will work to pour their resources into a singular pool, allowing for the creation of mega-conglomerates of mining companies, which is a genuinely terrifying prospect for crypto startups which are either directly (or indirectly) involved in the world of crypto mining.
Usually, this comes down to serious concerns with regards to security; with the concentration of mining power being placed into the hands of a small clique, there…