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LAN Party Forums => General Discussion => Started by: .:F3ar0n:. on February 07, 2015, 01:27:46 AM

Title: Bitcoin Mining Farm
Post by: .:F3ar0n:. on February 07, 2015, 01:27:46 AM

On Reddit Documentaries. Thought I'd link it and share. Pretty interesting video

https://www.youtube.com/watch?v=K8kua5B5K3I (https://www.youtube.com/watch?v=K8kua5B5K3I)

Title: Re: Bitcoin Mining Farm
Post by: OWN3R on February 12, 2015, 03:25:19 PM

Interesting is one way of putting it :)
The future scares me...

Title: Re: Bitcoin Mining Farm
Post by: Mangos on February 17, 2015, 02:55:33 PM

looks like china will be the 51%. shame a virtual currency will be controlled by only a few people. kind of like FIATs.

Title: Re: Bitcoin Mining Farm
Post by: MahoneyRed on February 18, 2015, 09:06:14 AM

China is on deck, but I don't think it will be the country. The government over there actually doesn't like the currency since there is no way to control and track it. They've actually enacted some not so friendly laws over it.

The protocol is getting better though. These farms are neat, but once BTC meets mainstream acceptance to the point where people need to be concerned about the 51% nearly all coins will have been mined, and there will be simpler and better ways to validate the BTC ledger than through the mining system.