Topic: Bitcoin IS basically DESTROYED - page 13. (Read 47260 times)
FUD threads are fun. You can say anything & it's not off-topic.
has poster just figured out the majority of world hashrate comes from china?
i swear these forums are going backwards.
i swear these forums are going backwards.
its a misleading thread title at least
i was expecting a hack or something similar
maybe a network weakness, but saying
that nodes/hashrate being located in a certain geographic
area makes a Crypto destroyed to me
seems like a FUD thread at best
he needs to go back to yr 10 physics
the shortest distance between to points is a straight line
has poster just figured out the majority of world hashrate comes from china?
i swear these forums are going backwards.
i swear these forums are going backwards.
what a dumb thread why has anyone posted in here?
""Bitcoin is basically destroyed now with 70% of the mining controlled by China""
going by this metric you would have to be atleast semi-retarded
why wasnt the thread deleted
??
""Bitcoin is basically destroyed now with 70% of the mining controlled by China""
going by this metric you would have to be atleast semi-retarded
why wasnt the thread deleted
?? Bitcoin, in fact, as a proven mathematical theory, is something truly ETERNAL.
Roombot pretty much summed up what Bitcoin is, unless it is directly sabotaged it will last until the last node stands.
Bitcoin, in fact, as a proven mathematical theory, is something truly ETERNAL.
Yep, all supercomputers' hash rate can very hardly destroy bitcoin, unless they have 100000000000000 years to decipher.
Bitcoin, in fact, as a proven mathematical theory, is something truly ETERNAL.
Roombot pretty much summed up what Bitcoin is, unless it is directly sabotaged it will last until the last node stands.
That's why he is called bot he already summed up that bitcoin is going to be eternal. Well everything in this world is only temporary and look at those
money used by the people in the ancient days it is keep on upgrading from gold , silver and other precious ones changed to fiat money and now bitcoin and I think there is going to be another one to exchange bitcoin or else roombot is right.
Bitcoin, in fact, as a proven mathematical theory, is something truly ETERNAL.
Roombot pretty much summed up what Bitcoin is, unless it is directly sabotaged it will last until the last node stands.
I personally think it is to late to destroy bitcoin. I think it would take an act of government to stop the spread and reach of bitcoin in the near future. There are so many beneficial uses for it and the only people it will effect is the banks. The issues with the banks not jumping on board is that the government allows the banks to loan out 10 times the amount of money they have in. So if they have $1,000,000,000 in their accounts, they can loan out $10,000,000,000 making interest on all of that. If the government accepted bitcoin, how would the banks do that since there is no federal insurance that can be provided. Just some more questions.
Bitcoin, in fact, as a proven mathematical theory, is something truly ETERNAL.
If you are really concerned about chinese bitcoin miners and china's greed in general, you can try to stop using chinese made stuff. But can you? While the big US companies manufacture their stuff mostly in China, what can you do? Nothing.
It is hard to boycott from Chinese products as we need their products for our daily uses and they are not availble in other countries, most of the countries use their imported products.
So the better option is that you should have to concerned about bitcoin and promotion in your country and should have to teach them about its usage and about its mining so a day will come your country will have maximum number of miners.
This seems to be the thread where you just come and talk shit, like seriously there is just so much garbage spewed there that i cant even take it seriously
^ Nailed it!
This seems to be the thread where you just come and talk shit, like seriously there is just so much garbage spewed there that i cant even take it seriously
it can never be destroyed
you are right that bitcoin can never be destroyed because bitcoin is very stronger currency so i do not think that bitcoin go to destroy or dead i still believe in bitcoin. Bitcoin is not destroyed , and especially because of Chinese mining we cannot say that it is destroyed, if you want to have the same number of mining in your country also then invite all of your countrymen to start mining then you also will have that control and still we will not say that bitcoin is destroyed but it will give more strength to the technology of bitcoin.
That is true, bitcoin is not really destroyed at all just because the majority of miners are Chinese people. Many are thinking that they are manipulating the price of bitcoin. But in reality we are the ones who are controlling the price of bitcoin. If the demand gets high, then the price is going to increase but if its low then it is going to decrease. Bitcoin is not going to be destroyed, it is going to keep on pumping.
When the bitcoin price becomes really high, there will be miners all over the world, especially at lower electricity price places.
A higher price makes mining more profitable, yes.
The profit is not very high, look up https://www.cryptocompare.com/mining/#/equipment. As you can see, mining Bitcoin isn't worth it, you could mine Ethereum but the difficulty is increasing all the time. The problem with Bitcoin mining is that you can't use ASICs for anything else but mining coins, whlie you can use graphics cards for multiple things. If you want to start mining, I would recommend ETH and not Bitcoin.
then why chinese are making profit? if you have very cheap electricity i think you can do some profit with a nice antminer s9, otherwise altcoin are better yes, because gpu are more decentralized compared to asic
well their big farms have space and can be noisy, cheap laborer and also electricity are the reasons why chines can make a big profit.
One can not simply walk into Mordor and ....
oh wait...
Wrong topic.
oh wait...
Wrong topic.
Bitcoin is not destroyed , and especially because of Chinese mining we cannot say that it is destroyed, if you want to have the same number of mining in your country also then invite all of your countrymen to start mining then you also will have that control and still we will not say that bitcoin is destroyed but it will give more strength to the technology of bitcoin.
That is true, bitcoin is not really destroyed at all just because the majority of miners are Chinese people. Many are thinking that they are manipulating the price of bitcoin. But in reality we are the ones who are controlling the price of bitcoin. If the demand gets high, then the price is going to increase but if its low then it is going to decrease. Bitcoin is not going to be destroyed, it is going to keep on pumping.
When the bitcoin price becomes really high, there will be miners all over the world, especially at lower electricity price places.
A higher price makes mining more profitable, yes.
The profit is not very high, look up https://www.cryptocompare.com/mining/#/equipment. As you can see, mining Bitcoin isn't worth it, you could mine Ethereum but the difficulty is increasing all the time. The problem with Bitcoin mining is that you can't use ASICs for anything else but mining coins, whlie you can use graphics cards for multiple things. If you want to start mining, I would recommend ETH and not Bitcoin.
then why chinese are making profit? if you have very cheap electricity i think you can do some profit with a nice antminer s9, otherwise altcoin are better yes, because gpu are more decentralized compared to asic
Bitcoin is not destroyed , and especially because of Chinese mining we cannot say that it is destroyed, if you want to have the same number of mining in your country also then invite all of your countrymen to start mining then you also will have that control and still we will not say that bitcoin is destroyed but it will give more strength to the technology of bitcoin.
That is true, bitcoin is not really destroyed at all just because the majority of miners are Chinese people. Many are thinking that they are manipulating the price of bitcoin. But in reality we are the ones who are controlling the price of bitcoin. If the demand gets high, then the price is going to increase but if its low then it is going to decrease. Bitcoin is not going to be destroyed, it is going to keep on pumping.
When the bitcoin price becomes really high, there will be miners all over the world, especially at lower electricity price places.
Bitcoin is not destroyed , and especially because of Chinese mining we cannot say that it is destroyed, if you want to have the same number of mining in your country also then invite all of your countrymen to start mining then you also will have that control and still we will not say that bitcoin is destroyed but it will give more strength to the technology of bitcoin.
That is true, bitcoin is not really destroyed at all just because the majority of miners are Chinese people. Many are thinking that they are manipulating the price of bitcoin. But in reality we are the ones who are controlling the price of bitcoin. If the demand gets high, then the price is going to increase but if its low then it is going to decrease. Bitcoin is not going to be destroyed, it is going to keep on pumping.
When the bitcoin price becomes really high, there will be miners all over the world, especially at lower electricity price places.
If you are really concerned about chinese bitcoin miners and china's greed in general, you can try to stop using chinese made stuff. But can you? While the big US companies manufacture their stuff mostly in China, what can you do? Nothing.
Easy.
Avoid (Boycott) Target, WalMart, Sam's Warehouse & KMart stores. Buy online.
Get 5% off Amazon items with BTC at purse.io
Buy bulk at 5% discount & sell for profit.
Build a free online biz on Purse.io
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