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Re: What happens once mining reward gets cut in half?
by
FreeMoney
on
23/09/2012, 03:23:43 UTC
Quote from: 0k4m1 on September 22, 2012, 05:20:29 PM
Quote from: danalex on September 22, 2012, 12:22:20 PM
Processing power is always increasing, according to Moore's Law.
This is a fact.
And Technological Singularity is predicted on ~2045.
http://en.wikipedia.org/wiki/Technological_singularity
Just because technology improves overall doesn't mean an increasing effort will be applied even when the reward for a task shrinks.
Unless the value goes up by a lot or the ASICs actually arrive there will be some downward difficulty adjustment.