You are viewing a single comment's thread from:

RE: There is a limit to bitcoin mining.

in #bitcoin8 years ago

What?! That doesn't make sense...

If there is no money in mining the miners will drop off and the difficulty will go down and the miners left will make more. By then Bitcoin could be sky high and mining for transactions fees will be much higher than the cost of electricity and hardware.

Sort:  

Neither one of us can truly see into the future to know for sure whether either scenario will be realized. I see it one way; you see it another. I doubt either one of us will live long enough to told-you-so the other.