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Author Topic: what do miners know what speculators don't  (Read 1863 times)
mikerbiker6
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April 27, 2014, 08:01:27 PM
 #21

Miners realize that mining will be 100% centralized by the end of 2015 which in turn will have a huge impact on the bit coin economy.

Can I have that crystal ball you have, because mine isn't working.   Tongue

Seriously, I need to plan a year ahead accordingly.

Mine is working perfectly fine and he is right.

bit coin mining will be completely centralized by 2015 along with bit-coins, and bitCoin..

But bitcoin mining will be fine/decentralized.

Mining will be crashing starting in June. By end of year there won't be many survivors except for the manufacturers mines.

I think this would only be true if electricity wasn't such a limiting factor. Soon KNC will need a nuclear power plant to power their farm.
Haha, or a water dam.
But why is KNC mining in the first place, I thought they were only selling the hardware.

Another thought, at a certain point KNC will have a whole lot of pre-order hardware, just before they ship it out.
Could this lead to a 51% attack.
https://www.youtube.com/watch?v=Kjtgp5h-jEY&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Gyrsur
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April 27, 2014, 08:06:35 PM
 #22

*listen*

samsonn25
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April 27, 2014, 08:08:53 PM
 #23

Knc only have like 2000 neptunes? Only additional 6ph.  Thats assuming both batches
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April 28, 2014, 01:52:22 AM
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Knc only have like 2000 neptunes? Only additional 6ph.  Thats assuming both batches

6ph will hardly be a blip on the radar by time the neptunes finally ship.
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