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RE: The End of Bitcoin Mining Is Near!

in #bitcoin7 years ago

I think with such costs for Bitcoin mining and its volotility in this case, only big players who have large production farms, and small miners are likely to refuse production, will remain in this business. This is the normal position in the business, the strongest survive. Thank you @pangandance

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Funny thing is, there is absolutely no need for huge mining farms. It suffices to introduce a maximum power use into the bitcoin mining system and the algorithm will be adjusted to work with less computing power. The cost of energy for mining Bitcoin can easily be reduced to one billionth of what it is now.