Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
bithic
on 31/01/2014, 20:18:17 UTC
...

I have to quote this... looks really long.. but important to read.

 Cheesy For one, it shows why what you say here is a problem for poor miners but not for rich:

That's right.   With Bitcoin early miners have their ASIC equipment depreciate.  Furthermore,  to keep up with the mining they have to consume power, do maintenance and acquire new rigs.