Even if China controlls 80% of the mining power that doesn't mean that we should fear a 51% attack. Do you actually think that the guys who control mining, being Chinese or not want a 51% attack??? of course not, otherwise their investment would be worth 0....
Come the halvening, their investment will be worth 0 (unless other miners stop mining/BTC price doubles), so not that improbable :-
no, you don't know what you're talking about, after the halving miners with 0.1 cent in electricity can still mine for good profit
Miners with .1 cent electricity? $0.001? Why would they keep mining? They aught to be out riding their unicorns.
you didn't grasp at all what i was saying, i was saying that even mienr with 0.1 electricity would profit after the halving, let alone chinese farm with 0.05 or lower
0.1 cent is = $0.1 btw not 0.001...
1 dollar is 100 cents, the word cent , according to MW, means:
"a unit of money that is equal to 1/100 of the basic unit of money in many countries : one percent of a dollar, euro, rupee, etc."
The word cent has a Latin root,
centum, 100. That's where the Roman numeral "C" comes from. See how things start to make more sense (no pun) as you learn things?
The prefix "centi" comes from the same word, but here it means 1/100. Like a cent is " 1/100 of the basic unit of money," centimeter is 1/100 of a meter, centigram is 1/100 of a gram, etc., etc.
So next time you get the urge to teach me about my own money, mining, or anything else for that matter, show some restraint, K?
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