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PoW costs money. As PoW difficulty increases, and mining reward decreases, it makes sense for value to increase to make it sustainable.
by adrianveidt 9y ago
PoW costs money. As PoW difficulty increases, and mining reward decreases, it makes sense for value to increase to make it sustainable.
- ufo 9y agoBitcoin's price is determined by supply and demand, not by the mining reward curve. But yes, Bitcoin would need an exponentially increasing price to be sustainable in the long term without higher transaction fees.