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i thought one of the features of bitcoin was that mining would eventually become too computationally expensive -- because the total number of bitcoins is fixed.
by modzu 8y ago
i thought one of the features of bitcoin was that mining would eventually become too computationally expensive -- because the total number of bitcoins is fixed. so at some point, mining does not produce coins and you're only mining to process transactions. so isn't there a plateau somewhere, relative to the throughput of the network? nb: non-expert here
- belltaco 8y agoBased on limited knowledge, once all the coins are mined, I think the miners then compete for transaction fees only. >mining would eventually become too computationally expensive I don't think that's true, the difficulty adjusts every two(?) weeks based on the hashrate.
- deleted 8y ago[deleted]