Where ever greed is involved, it must be administrated. Otherwise it would be as chaotic as sadly things are shaping up in the bitcoin world.
I will try to search for ARS article on butterfly, which went into depth about mining, actually it was my first time, I had completely known what is bitcoin mining. Now When I read 'butterfly' I was in a complete shock and awe.....
here it is. http://arstechnica.com/gadgets/2013/05/weve-got-a-butterfly-...