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Your hardware is too bad if you don't have a dedicated miner with specialized hardware.
by Tichy 14y ago
Your hardware is too bad if you don't have a dedicated miner with specialized hardware.
- tuananh 14y agohmm so who own the best hardware win the game? what if Google decided to join!?
- Tichy 14y agoA company like Google could probably hijack the bitcoin network. However, no matter how much hardware you throw at it, you will never make more than 300 BTC per hour. So it would be unlikely to be economically feasible to throw a giant server farm behind calculating bitcoins. Perhaps it would become a sensible concern if a country would adopt BTC as their currency and another country would decide to attack that country by destroying their currency.
- Tichy 14y agoI think I might be inorrect: if somebody hijacks the bitcoin network, perhaps they could make more money by changing transactions of the past. Not really sure, though. Anyway - that would only destroy the network, not really make them richer.