Tuesday, April 7, 2015

Is Bitcoin dead now? Mining it is more costly than the profit?

Bitcoin isn't made for making easy money with mining. And mining being costly doesn't impose any threat to Bitcoin, this just adjusts markets. The amount of security in petahashes are enough to keep network running secure for billion users even in case if 95% of miners disappear due to insolvency. So, the network itself is well-protected. While the easiness of making money isn't promised & isn't the philosophy of the Bitcoin concept. Forget about mining. Think about technology. Bitcoin is a scarce digital asset. Bitcoin is unforgible asset....