Quote from: Rovingruddy on October 22, 2014, 04:49:36 PM

I am by no means qualified to answer my question nor do I know if it is possible but I feel that with the introduction of ASICs (greedy companies wanting to make a buck) and the Industrial Mining (greedy companies to wanting to make a buck) it's all going south.
I may be completely wrong but without everybody being afforded equal opportunity to be involved it will never be as great as it should/could be.
To me the appeal was being part of something that was controlled by nobody... Surprise surprise big business has taken over.

What big business has taken over bitcoin? How is bitcoin 'going south'?

Everybody had the chance to take the plunge and invest in ASICs when the opportunity to pre-order came about with no idea whether you'd a/ see the hardware and b/ ever hit your ROI. People took risks and it paid off for some and not for others, like pretty much everything in crypto (cex, altcoins, IPOs, hashlets etc)

I imagine the risk is far greater for the farms, as I can only imagine what their hardware cost and what their electricity bills are like

500ghs is like $2 a day btw, not only is it impossible it'd drive miners away in their droves