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Whoever owns 51% of mining nodes owns bitcoin.
by kmichal456 6y ago
Whoever owns 51% of mining nodes owns bitcoin.
- ToFab123 6y agoWho does that?
- g_p 6y agoPeople with access to low or zero cost surge electricity capacity, in areas near to where the ASICs can be manufactured, to minimise the lead-time between production and use. If you can get access to hydro electric energy, you can adapt your usage as needed, and effectively provide a service of switchable demand to the local generators. They might even pay you to use the energy (negative pricing) if you made your load remotely switchable for them to control in real-time.
- randomopining 6y agoI’ve read that the power to actually back process transactions is much greater than that.