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"Initially Bitcoin was supposed to be a very democratic process. We could just open our laptop and start mining Bitcoins. Now to mine Bitcoins after 11 million
by userulluipeste 13y ago
"Initially Bitcoin was supposed to be a very democratic process. We could just open our laptop and start mining Bitcoins. Now to mine Bitcoins after 11 million have been mined, you have to have super computing power."
For the record, it's not the quantity of the already mined Bitcoins that determines the further mining requirements, it's the mining competition. If back then there would have been so much mining activity as there is today, a laptop would have been as useless as it is today.