no dought mining will be very popular and developed when miners will get the transaction fees but its hard to say that do they will mine the last coins in 20year or not because in middle of it moee inventions can happen too
If mining will be less profitable than it is now (read TX fees don't rise up to a block reward amount as of now), how can it become very popular? Inventions affect hashrate but not the speed with which coins are mined I believe the block size should be increased soon as that more transactions can be done in a faster manner. |
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In 20 years another halving will occur making a lot pressure to bitcoin to grow, then those miners should take the fee as there rewards, or something must be made to avoid the lack of security that the hash will open if people stop the miners.
In 20 years, the having will have no effect at all as the transaction fee will be higher than the block reward. |
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There will be no miners in 20 years because subsidy is to small to pay mining and bitcoin developers don't allow enough on chain transactions to maintain enough mining to keep the network safe, so bitcoin will be irrelevant or forked into POS.
They can always cancel halving in the interim (which is a must-do thing if they want Bitcoin to go on) The transaction fee is quite high now. It is almost 1 bitcoin at some blocks. In the next few years, it will be even higher. |
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I think if there is any correlation between Bitcoin prices and world economy, that would be a negative one. For me personally, Bitcoin is always a hedge against a global financial apocalypse.
And I have been increasing my holding steadily and slowly - not much either in absolute number or percentage relative to my net wealth, but it has been growing.
At present, bitcoin is just a safe haven, so when world economy is in trouble, its price will rise. But in the future, if is used as a currency, its value will increase as the economy growth. |
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I wish I were the bag holder of Etheruem when it popped last time. The price is all time high at present.
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Most of the cryptos fell very hard lately and Bitcoin has a huge sudden grow.
However, ETH started falling before this, it may not be that much related.
Now, ETH fell only to the level it was less than 1 month ago, so it's not that big yet.
I don't know what will the future bring, but I'd say that ETH still allows plenty of room for speculation. The bagholder term doesn't apply yet...
The price dropped to 0.02 early today. Then it rose to 0.025. That is 25% in a few hours. So volatile. |
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Is there an amount of bit coins available? Didn't heard of that before but is it true.
How can there be a top if we reach it no one can buy a bit coin any more? i don't now but that's hard to believe.
I think the distrubition and available bitcoins today are 15,500,000 bitcoins on the economy is now circulating. I just got that information at this link : https://blockchain.info/charts/total-bitcoinsThe actual number in circulation will be smaller than that 15.5 millioni coins. Most of in the cold storage. |
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The price of the Ethereum is still around 0.02. It is higher than a few weeks ago. So the bubble is not popped yet.
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I just want to point out that Mt. Gox, Cryptsy, etc. were all "pretty legit" operations that were "continuously paying out..." until they weren't. It's not really proof of anything anymore.
Did they also have 33PH* farms in rural China with direct hook-up to a hydro station? * (and growing, it was 6 or 9 PH when I joined) I think that is the reason I save some of my hard earned money in HaoBTC. The mining income should pay the interest. |
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If the price drops to 0.01, I will buy loads of Ethereum by converting my bitcon bag. I hold quite a few bitcoins.
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Bitcoin price is increasing without much fluctuations. The decrease in the available bitcoin is just due to the accumulation did by very few users.
I think the price of bitcoin has not risen over the last few months. It is still fluctuating around $420. |
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that is a good pain. I expect you to have those pains many many times in the next few decades or more. |
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If the Monero drops further, then it is good time to buy. I think the price around $0.5 is quite attractive.
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Hi guys,
We just changed our fee rates for BTC withdrawals:
For amount less than 1BTC, you will need to pay a fixed fee of 0.001BTC;
for amount larger than (including) 1BTC, no fee will be charged;
Transactions between two HaoBTC accounts will continue to be free.
Does it mean you encourage withdrawing large amount of bitcoin. That fee structure is good for rich people. |
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Exchanges should be regulated as normal exchanges. especially futures. there is a reason for it...whether you trade bitcoin, sheep or buckets of shit it doesnt matter.
Bitcoin is recognised as commodity by certain organisation (the one regulates commodity exchanges), but it seems there is no specific regulation on bitcoin. |
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There is no point for doing that at least the difficulty is still increasing and more mining machines are joining it. The number of bitcoin transactions per second is trending up. The collected tx fees becomes more to reward miners than before. Many miners are still getting a lot of profits. And bitcoin price continues to move up. It is all goods news.
If the miners do not feel they are rewarded, they can turn off the miners. The remaining miners will have higher rewards each. |
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It is an important mile stone for the 100 million transactions. But more of the transactions are dust and so called stress test. Maybe the next 100 million transactions will be more important.
You also have transfers within wallets.  I wonder what portion of these 100 million transactions would be gambling transactions? My guess is a significant number. In the old days, most of the transactions are related to gambling and drug transactions. The proportion has dropped a lot. |
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The fee is already higher than a few years ago. Mining is not for high electricity cost miners now. If you pay over $0.2/kwh, it is better to stop mining.
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I just bought some computer components (motherboad, hard drive and CPU) from online shops. Those things are not crazy at all.
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It seems strange that OKCoin put the regulation above money making. The Chinese exchanges become more law abiding.
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