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Topic: [2015-09-24] Georgia, Attracts $100m Investment (Read 419 times)

hero member
Activity: 824
Merit: 712
September 24, 2015, 03:40:00 PM
#5
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.
sr. member
Activity: 267
Merit: 250
6th BTC reached. Thank you for your support
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
hero member
Activity: 824
Merit: 712
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?
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
legendary
Activity: 1596
Merit: 1027
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
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