3 ms·
This seems to miss the point that the mining pays for itself in collected transaction fees. Double spend is just icing on the cake.
by Hupriene 8y ago
This seems to miss the point that the mining pays for itself in collected transaction fees. Double spend is just icing on the cake.
- 282883392 8y agoBuying (or trying to buy) 50% of the total supply of mining equipment would substantially increase the price, to the point where the ROI is so long that it becomes unprofitable (especially if your long-term goal is a $0 bitcoin).