3 ms·
> capable of generating $210/day and for a limited amount of time. Bitcoins are a finite resource, once they are all mined, this hardware will be pretty much u
by micampe 14y ago
> capable of generating $210/day
and for a limited amount of time. Bitcoins are a finite resource, once they are all mined, this hardware will be pretty much useless, as far as I understand.
- bdcs 14y agoNo, not worthless because of transaction fees. Miner reward = Transaction fees + block reward Currently the the former accounts for only 1%. This will likely change in the future (a decade or so). See here https://en.bitcoin.it/wiki/Tragedy_of_the_Commons https://en.bitcoin.it/wiki/Tragedy_of_the_Commons
- vbuterin 14y agoActually, Moore's law guarantees that the hardware will become useless much sooner than the Bitcoin mining rewards run out.