“It’s accelerated out of the garage and the homes, to the small businesses, to the large data centers, and now you’ve got to have a mega data center for it to be profitable.”
http://www.bloomberg.com/news/2014-10-21/bitcoin-miner-ditches-clients-to-chase-2-billion-coding-prize.html
KNC bitcoin central issuing authority.. great job guys creating the same shit sytem we already have.
Not really.http://www.bloomberg.com/news/2014-10-21/bitcoin-miner-ditches-clients-to-chase-2-billion-coding-prize.html
KNC bitcoin central issuing authority.. great job guys creating the same shit sytem we already have.
Let's assume there is one entity with 99% of the hashing power and there are a million entities owning the remaining 1% of the hashing power.
The remaining 1% could always decide to ignore the big 99% entity and fork the chain. The 1% would end up owning 100% of the hashing power again.
Until the 99% entity joins the club again of course.
Now I think of it, could it be possible for the 1% to block the 99% entity?
