Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: ShortCoins on December 12, 2017, 12:22:19 AM



Title: ✨✨✨ How expensive will the last bitcoins be to mine? ✨✨✨
Post by: ShortCoins on December 12, 2017, 12:22:19 AM
Nearly 17m out of the 21m total bitcoins have already been mined.

The coins are going to get incredibly difficult and expensive to mine. How much will it cost to mine the last 1m, 100k, 10k, 1k, 100, 1 bitcoins?

Its crazy to think how expensive it might get and how many resources might get destroyed in attempt to mine them


Title: Re: ✨✨✨ How expensive will the last bitcoins be to mine? ✨✨✨
Post by: ShortCoins on December 12, 2017, 12:28:48 AM
"Grist claims that by July 2019 the bitcoin network will require more electricity than the entire U.S. and by February 2020 it will use as much electricity as the entire world"

http://wisdomsave.com/2017/12/08/bitcoins-energy-cost-is-huge-and-growing.html

WOW  :o

Its going to be insanely expensive just in the next few years!


Title: Re: ✨✨✨ How expensive will the last bitcoins be to mine? ✨✨✨
Post by: cindygirl on December 12, 2017, 12:34:57 AM
The cost of mining is ever increasing and it's one of only a few downsides to bitcoin. The last bitcoin if identifiable may sell for a premium anyway just because it's the last one. I hope any collector buying it though makes sure to leave it in an empty address or in future it will be just another bitcoin mixed in with all the rest.


Title: Re: ✨✨✨ How expensive will the last bitcoins be to mine? ✨✨✨
Post by: ceyceyki on December 12, 2017, 12:53:31 AM
Well we are going to see. Maybe it is will be cheaper. Maybe bitcoin will go down deep. And also people will start to use more powerful super computers for mining. It is another factor for that.