Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
pjviitas
on 13/04/2014, 18:48:08 UTC

A TH/s miner pretty well uses up an entire 15A circuit breaker in your home.

How many spare 15A breakers do you think there are in a home with a 100A service?

Do you seriously think someone is going to spend $20k on ASIC hardware, and balk at adding a breaker panel?

Perhaps amateur mining will cease to grow (although it will always exist).  The wiring issues are the least of the problems for large miners.

The only real problem I see with mining is centralization.


Centralization will be the beginning of the gentrification of Bitcoin.  Once it is centralized it can be controlled by banks and governments.