Ninjastic
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Board Mining
Re: What will you do when it's no longer viable to mine?
by
BitcoinAddicts
on 16/11/2013, 01:09:06 UTC
Quote from: LittleD on November 15, 2013, 11:47:04 PM
Quote from: DeathAndTaxes on November 15, 2013, 11:21:48 PM
Quote from: hashturbator on November 15, 2013, 09:45:52 PM
Quote from: MarketTime on November 15, 2013, 10:17:39 AM
Mine for transaction fee cause the fee would be really high if everyone starts using Bitcoins....

I can't wait to see where transaction fees will bring the block rewards to. IMO, I think we'll see larger payouts from transactions than the 50 BTC rewards of the old days ..not tomorrow, of course, but in good time. In fact, it wasn't long ago that I saw a 6-8 BTC bonus of transaction fees on a block solved by Slush's pool.

Very unlikely.  Tx fees are likely to remain low.  Then again the purpose of mining is to secure the network not get rich quick.  As the value of BTC rises the nominal amount of BTC paid in fees per tx will decline.   

agree with you bro. Not in it to get rich (but im still hopeful), dont stop minigm. BTC will only go up in value, 1000 per BTC BTCBTC one day

Hoarding Bitcoin like no tomorrow, selling when it hit $1000 each Smiley