3 ms·
So in ~2140? Miners will still get TX fees after that. We'll see, or not.
by ZGDUwpqEWpUZ 4y ago
So in ~2140? Miners will still get TX fees after that.
We'll see, or not.
- quantified 4y agoSomeone else will see, not us. Or not. Are the fools greater in the future just by dint of inability to change the past?
- t-3 4y agoIf it actually takes that long, we have far bigger problems, because that means technological advance has halted or regressed. In that case, it will die suddenly whenever electricity goes up and price/coin goes down long enough that all non-criminal mining operations shut down and investors panic.
- aluminaient 4y agoHow could that limit be reached faster with better technology?
- ZGDUwpqEWpUZ 4y agoThe difficulty of mining a Bitcoin block automatically adjusts based on network hashrate as measured by how fast recent blocks have been mined. It is already the case that improvements in technology have massively increased hashrates (per kW) and difficulty (you'd be rich if you went back in time 10 years with modern hardware). Likewise, electricity prices and miners shutting off their hardware will lead to a reduction in difficulty.