Quote:
Originally Posted by sxcladies
You are missing a major point, the concentration of hash power for bitcoin is on the increase. Small time people are getting pushed out by people with huge mining operations as that problem will only continue to get worse as time goes on and the cost of constant upgrades keeps only the top few in the game so to speak. Remember the ghash problem of a few months ago where they got over 51% of network hash rate..... i guess it wasnt that impossible after all!
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Well,
gHash is a pool, not a single individual.
Bitcoin doesn't need "small time people." It doesn't matter if "only the top few" can mine it. What matters is that no government has enough power to control it; they had their chance, and now it's too late. The amount of mathematics performed by the network is well outside the scope of any one individual's ability to calculate.