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.