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Mining Bitcoin is a necessity if you want to transact, so you can't eliminate it. Basically, validating transactions is very costly, so people doing it get rewa
by rich_sasha 6y ago
Mining Bitcoin is a necessity if you want to transact, so you can't eliminate it. Basically, validating transactions is very costly, so people doing it get rewarded with "mined" bitcoin.
If miners stop mining, you cannot transact in it, at least with the current "proof of work" approach. There are some alternatives, like proof of stake, but they are not mainstream yet.