Quote from: greyhawk on June 06, 2013, 10:22:18 AM

Quote from: oakpacific on June 06, 2013, 10:19:22 AM

You completely miss the point. Mining is what miners do to prove(albeit usually without their awareness) to the Bitcoin investors/users their commitment to maintain and secure the payment network, the bitcoins you mined is the proof itself, every payment network requires substantial infrastructure investment, you can't build a Paypal/WU replacement with no solid hardware.

Bitcoin miner capable of handling the entire Bitcoin network workload

"maintain and secure"=protection against sabotage=beat any malicious third-party to it.