Post
Topic
Board Bitcoin Discussion
Re: Why rich people with a lot of Bitcoin don't try to improve it?
by
stompix
on 21/12/2017, 20:16:35 UTC
I mean, they are so rich, they can start to mine Bitcoin, even if they lose some money they shouldn't care, they are ok with all those money they already have.
Am I wrong?

Yes , you are!!!
Because rather than asking why the "rich" guys aren't fixing BTC you should start learning who bitcoin works.

More miners would have no real impact on the confirmation speed. The time between blocks will decrease for a while but with the difficulty adjustment it will go back to 10 minutes a block.
One miner or 1 million it doesn't matter, it's not like sending 100 more trucks to carry gold from a mine.


 
Mining at a loss is not the solution to solve the transaction problem. We have to think of better solution.

Mining at a loss?
An s9 is going to ROI in two months even with 10 cents per kw and you are talking about mining at a loss?