How Does the Secondary Market for ASICs Contribute to the Decentralization or Centralization Debate?
The secondary market can contribute to decentralization by making older, less efficient hardware accessible and affordable to small-scale, individual miners in low-cost energy regions. However, if large, centralized mining farms buy up vast quantities of used ASICs at scale, it can still lead to a concentration of hash power, even with less efficient machines, contributing to centralization.
