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As problems get more difficult, I think there will be less and less proof-of-work, and people will see less and less of an incentive to keep miners online. Doe
by allochthon 13y ago
As problems get more difficult, I think there will be less and less proof-of-work, and people will see less and less of an incentive to keep miners online. Doesn't this mean that security begins to break down as people give up on mining?
- zik 13y agoMiners are paid in two ways - from creating new bitcoins and from transaction fees. The transaction fees are small but add up to enough to make it worth mining.