Quote from: Ademen on February 24, 2018, 09:39:55 AM

Quote from: CryptoBry on February 24, 2018, 08:03:49 AM

This is the kind of good news that many of us would like to hear. A big company which is staking its future on Bitcoin mining and this is happening in no other than in USA. This is bringing us to realize that there must indeed be a good future for Bitcoin and cryptocurrency general otherwise these businessmen will never pour such a big amount of money for nothing. Since Bitcoin is here to stay and has now established its firm foundation, mining Bitcoin has become the most viable way to make money for as long as one has the capacity to invest the required capital. We need to hear more news like this...as investment for Bitcoin and its mining is a vote of confidence for its future.

However, the corba is adovacating the change of PoW algorithm. That will make their investment useless.
https://medium.com/@CobraBitcoin/an-open-letter-to-the-bitcoin-community-to-change-the-proof-of-work-algorithm-12a6545c20d0

I'm not a technical expert on bitcoin, but I agree with Cøbra, people do not see how dangerous is trust the Chinese and even worse if all hash power is concentrated on a single person who by the way is someone from china. This is something scary...

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The hashrate has already been abused to give political support to reckless and dangerous hard fork attempts.

was a very exhausting process and was being more of a political rather than technical, basically people were defending their own personal interests

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Even more dangerously, they are based in China, a country with a long track of human rights abuses, censorship, and generally evil behaviour. The miners are in a position where the Chinese government can take over their equipment at any time; something they will no doubt do if Bitcoin grows enough to allow them to use their control of the hashrate to push a Chinese geopolitical agenda.

this is the part that I am most worried about, it is necessary to do something so that even a poor guy like me can mine bitcoin because that way until someone who does not have millions of dollars to invest in mining could be a bitcoin miner.

I have nothing against this company that is developing this project, but I would be happier if the news were to say that even people who have GPUs can mine bitcoin and have some profit even if it was very low.