Re: BTC is near to end

Quote from: vfrcbv91 on September 06, 2018, 05:22:39 AM

Quote from: dohh on September 05, 2018, 10:31:58 AM

First block of proof. (I explain, why BTC in current state doesnt have future of 20 or 40 years, when all 21M BTC will be released, It will end much earlier).

It is no secret, that solving blocks is getting more difficult and that is happening in exponential rate.
https://bitinfocharts.com/comparison/bitcoin-difficulty.html

At the same time, profitability of mining vanishes into zero. It has ROI negative in most of countries already.
https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html

At the same time Hash rate grows and grows.
https://bitinfocharts.com/comparison/bitcoin-hashrate.html

Its a common myth here, that vanishing profitability of mining is covered by transaction fees, but that is far from being true.

https://bitcoinfees.info/

Conclusion: mining is getting more and more pointless and that is happening in furious pace!

The profitability of mining has now become negative, but this does not prevent people from mining now. I think it is temporary and soon miners will make a profit.

NO, it will get worse. And very quickly. Look at those graphs, I posted in OP, they can not be turned back.