4 ms·
But how does that work when the generation of new coins tails off, but the generation of new blocks does not?
by codeulike 14y ago
But how does that work when the generation of new coins tails off, but the generation of new blocks does not?
- sigil 14y agoGood question. Longer transaction blocks maybe? Would love to hear this answered.
- codeulike 14y agoFrom whats said here https://news.ycombinator.com/item?id=5548503 https://news.ycombinator.com/item?id=5548503 miners grant themselves a fraction of a bitcoin for each block, and that fraction is what decreases over time.
- sehugg 14y agoEach block also awards the miner a variable fee for every transaction included in that block, so there will always be an incentive to mine: https://en.bitcoin.it/wiki/FAQ#If_no_more_coins_are_going_to_be_generated.2C_will_more_blocks_be_created.3F https://en.bitcoin.it/wiki/FAQ#If_no_more_coins_are_going_to...