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RE: What Happens When Bitcoin’s Mining Reward Goes to Zero?
I looked into bitcoin mining and it looks like it's already at the point where it's not profitable. Also, it's a waste of electricity and tech that does nothing but mine bitcoin. I think because of this wastefull nature, it won't be pretty when it gets to the point you describe. They'll just have to convert to steem before it happens! lol nice post
Yeah for you as an individual, but for the companies who can manufacture the equipment or those who can purchase in large quantities at low levels, really have to think about the cost of electricity as the biggest input. Mining is centralized in China because for the moment they are getting extremely cheap electricity rates.
Yeah, electricity costs do play a huge role in this. Maybe one good thing that will come out of it is increasingly more efficient and cheaper ways to get electricity.
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086