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RE: What Happens When Bitcoin’s Mining Reward Goes to Zero?

in #bitcoin7 years ago

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.

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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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