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The power expended on mining directly correlates to the value of bitcoins. If the amount of power expended on mining decreases to far then it becomes cost effe
by Marazan 9y ago
The power expended on mining directly correlates to the value of bitcoins. If the amount of power expended on mining decreases to far then it becomes cost effective to attack the network.
Power expended on mining must remain constant or ever increasing lest the whole thing collapse.
- jacobush 9y agoThis is where it gets interesting. Bitcoin miners only reward then are transaction fees. So these must go up.