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Board Beginners & Help
Re: What if Google or Yahoo was to enter the bitcoin mining world?
by
nuhash
on 29/03/2013, 15:29:43 UTC
These companies have extreme amounts of processin power at their hands and if they were able to use it to mine bitcoins wouldn't that basically kill the bitcoin mining scene?

*sorry if repost.
We can just go to Litecoin, the mass exodus from bitcoin would raise litecoin value to near the previous bitcoin value and developing ASICs for litecoin is much more expensive and inefficient than for bitcoin so it would not be an issue