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ssl303 (OP)
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November 07, 2013, 04:15:41 AM
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I just found this chart.
Difficulty http://bitcoinwisdom.com/bitcoin/difficulty
Some article: http://www.coindesk.com/bitcoin-mining-network-vulnerability/
I'm wondering if a random country decides to take this as business and starts the mining as a government...
Then this would take off like even crazier...
Any thought?
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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November 07, 2013, 08:01:36 AM
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I know a couple of Nigerian princes who recently came into a large sum on money - maybe they'll go for 20nm ASICs Cheesy
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November 08, 2013, 12:39:59 AM
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Well at this point would take about $760m to 51% the network so... good luck.
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November 08, 2013, 09:01:43 PM
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You never know how much money they already have, especially if they are some oil tycoon, etc.
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November 08, 2013, 09:19:20 PM
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Quote from: mrhelpful on November 08, 2013, 09:01:43 PM
You never know how much money they already have, especially if they are some oil tycoon, etc.

Yes and BFL is going to deliver the hardware in two weeks.
BitcoinHeroes
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November 09, 2013, 10:47:29 AM
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Quote from: Moebius327 on November 08, 2013, 09:19:20 PM
Quote from: mrhelpful on November 08, 2013, 09:01:43 PM
You never know how much money they already have, especially if they are some oil tycoon, etc.

Yes and BFL is going to deliver the hardware in two weeks.

Haha, they never keep their promise.....
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