Re: mining is crap, the blockchain should compensate for electricity costs otherwis-
satoshi really fucked up on the fee structure he should of calculated it to scale with electricity costs bitcoin will be doomed otherwise... no miners... no security... no transaction process
Miners are rewarded with the block reward, miners are being compensated. It's just that the competition is high, you did get the reward with an outdated inefficient miner. Plenty of miners have their electricity cost covered and profiting. You cannot expect a reward structure which pays everyone who switches on their old dusty miner.
i can't even mine at home anymore well i can but i would be at a net loss whats the incentive???
That is a cost of mining equipment issue, not a block reward issue
