Why the economic feasibility may lead to the collapse Bitcoin
The author of the article is Alexey Malanov, an expert of Kaspersky Lab's anti-virus technology development department
We will discuss what determines the profitability of mining bitkoy, what principles for adapting the speed of mining were laid in it initially, and why these principles can ultimately lead to the collapse of this crypto currency.
We assume that the reader has an idea of the basic mechanisms of Bitcoin operation, such as: blocking , mining , mining pools, reward for the block.
Warning. In this article, we explore the theoretical possibility of developing the described scenario, taking into account the algorithms put into Bitkoyn. We did not set ourselves the goal to analyze in detail the cost structure of the miners, electricity prices in various parts of the world, bank rates and the payback period of equipment.
This is the text on a coin: "Strength in Numbers" (Latin)
The "Bitcoin" is an anonymous crypto-currency that are based on Peer-to-peer (P2P) networking. Its main disadvantage is the absence of supportability of the material resources, because hash does not represent any real value. An attempt to solve this problem by casascius also is not the best solution.
Thus, Mike Caldwell issued coins, and the value of each is equal to some Bitcoins. There are currently offered only two alternatives: 1 and 25 Bitcoins. Each one has its own Bitcoin -address and a valid private key under the hologram.