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RE: What Happens When Bitcoin’s Mining Reward Goes to Zero?
Miners will always get the reward from transactions fees after new coins cease to be created. Also, a drop in hashing power will make mining easier which will just bring back miners in a cycle. But of coarse, like anything else, only the most effeccient miner will have long term success. Inefficiency is always weeded out in this world.
Agreed, but if we are primarily only using the main bitcoin layer as a settlement one, large mining operations might choose to downsize, or more likely sell the equipment that might make the purchaser an roi over a period of years. With tinier nanometer technology being the future, there is only so small we can go for the time being before tech advancements end up taking place over 5 or so years rather than in a few months. Think of gaming console generations and the time between them.
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