[2015-09-24] Georgia, Attracts $100m Investment

[Blawpaw]

Georgia, Attracts $100m Investment from the Blockchain infrastructure provider BitFury

BitFury Group, a Bitcoin Blockchain infrastructure provider and transaction processing company is investing $100 million USD to build its...

Read more:

http://www.newsbtc.com/2015/09/24/georgia-attracts-100m-investment-from-the-blockchain-infrastructure-provider-bitfury/#disqus_thread

[1715172616]

1715172616

[LiteCoinGuy]

http://www.coindesk.com/bitfury-details-100-million-georgia-data-center/



100 mio - that is a big sum 

[rolling]

Doesn't this worry anyone else? Bitfury is one company that already controls 15% of the mining on the network and now they are going to build something capable of supporting 1000 PH of new mining gear?

[boliu]

Doesn't this worry anyone else? Bitfury is one company that already controls 15% of the mining on the network and now they are going to build something capable of supporting 1000 PH of new mining gear?

Why would anyone worry, if they invested 100 Mil, they are not going to jeopardize it by doing anything malicious

[rolling]

Doesn't this worry anyone else? Bitfury is one company that already controls 15% of the mining on the network and now they are going to build something capable of supporting 1000 PH of new mining gear?

Why would anyone worry, if they invested 100 Mil, they are not going to jeopardize it by doing anything malicious

It doesn't have to be malicious. It could be incompetence or government influence or many other things. They will likely keep their share of the network just under 50% but its still not a good thing for Bitcoin in my opinion.