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Bitcoin Discussion
Re: Bitcoin Mining in 10 Years?
by
Minor Miner
on
03/05/2013, 20:39:13 UTC
Quote from: dancupid on May 03, 2013, 06:22:47 PM
The fees paid to miners are growing exponentially - currently a 10 fold increase in usd every 6 months:
http://blockchain.info/charts/transaction-fees-usd?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=1&address=
At some point , long before the block reward makes it not worth the effort, the fees will make it worth the effort.
Edit: actually its 100 fold every 6 months on this chart.
How much does mt gox pay when they move bitcoin? Any idea since they (and satoshi dice) are probably the major cloggers of the block chain.