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Topic
Board Beginners & Help
Re: Transaction Confirmation if difficulty is very high
by
CIYAM
on 10/05/2013, 13:41:34 UTC
I think that Bitcoin will fall in the long term, unless bitcoin banks or governments ask fees too keep hashing.

Block rewards and transaction fees provide the incentive to keep mining so I don't think there is any real *difficulty* for miners to make money from mining Bitcoin for the foreseeable future (although if there was a massive loss of confidence and the price dropped to < 1 USD the mining activity would certainly be less but even then not likely to stop as some miners have free electricity).