What happens when?

in difficulty •  2 years ago 

What happens when big time miners decide to push back? Imagine a scenario where an powerful unknown entity in the mining world decides to switch all power ,revenue , capital at their disposal in order to drive out small time miners with difficulty raising to an uncatchable rate.
Who is left. Genesis customers struggling to hold on to profits. Or the home miner with a single 13 th/s rig that gets run out by difficulty in a month or so. You may be looking at the end of the small rig being profitable what so ever.
What I'm afraid of is with all the fud around aug. 1. That at the end of it all when bitcoin and whatever dust had settled. Will bitcoin then be owned by the man. Feel free to throw in you .02 cents.

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