Post
Topic
Board Bitcoin Discussion
Re: Three Men Mine $200,000 In Bitcoin Every Month
by
CoinHoarder
on 15/08/2014, 21:00:45 UTC
Firstly, this points out two of the biggest negatives of PoW.

#1 - The centralization of PoW mining will become more and more centralized over time, because big operations such as this will make the little guys unprofitable and therefore push them out of the market.
#2 - The huge amount of electricity that is wasted needlessly with PoW.

Secondly, it's nice to see where our "June 2013" Avalon deliveries went and the reason for the 2 month delay.. these guys have some balls allowing a news story about this. Wink

Thirdly, again these guys have big balls... if I was operating such a large mining farm I would tell no one. Otherwise, I wouldn't be able to sleep at night thinking someone may break in at any moment or hold me hostage to get the location of the equipment. All they did was black out their eyes...