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But existing Bitcoin still have the same value? Does this mean the end of businesses that seemed to exist only to mine using custom computers and GPUs? Because
by llarsson 6y ago
But existing Bitcoin still have the same value?
Does this mean the end of businesses that seemed to exist only to mine using custom computers and GPUs? Because their revenue stream has been cut in half?
- ur-whale 6y agoThe event will not exactly come as a surprise for the miners: the date was more or less built-in the bitcoin algorithm from day one. If it means the end of their business, it means their planning was fairly poor.
- SAI_Peregrinus 6y agoThe block reward has been cut in half. So if they were mining for 0 transaction fees then their revenue would be cut in half, but nobody does that. The actual change will thus be less than half, and it's possible transaction fees will increase.