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Is mining going to die?
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Topic: Is mining going to die? (Read 1064 times)
arrivabazza
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Re: Is mining going to die?
December 29, 2017, 02:38:57 AM
#61
It will not die, mining is running an algorithm that can change to make the coin more efficient. All coins are computer programs that can be improved and modified to accomplish any given set of rules. The objective of mining is rewarding the people who is in charge of confirm the transactions therefore if the algorithm change mining will be possible again.
"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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toptek
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Re: Is mining going to die?
December 29, 2017, 02:42:37 AM
#62
when it dies most of us will be dead so no not in our life times or most living now won't see it die unless it's band world wide ....that said one day it will but that's many many years a way and some thing will replace it ...an none of us living now will see it .
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JohnDoe3490
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Re: Is mining going to die?
December 29, 2017, 02:45:27 AM
#63
One problem with mining is that it takes so much electricity to mine. Just look at bitcoin! Transaction fees are going to get bigger and transactions times may get longer. Right now, what is the power output of mining? It takes more energy than some countries? It will be interesting to see what we come up with in the future to combat the high electricity costs of mining.
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