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RE: Who Really Controls Bitcoin?

in #bitcoin8 years ago

That's not the point. Due to its Proof-of-Work nature, Bitcoin mining will always be concentrated in areas with cheap electricity and even there you can't just simply pull 1 megawatt from the power network whenever you want to. In my area (Europe), you have to sign a special contract with local electric power supplier (state-owned) if you want to pull more than 5 kilowatts.