I think the easiest way to drop the rates would be staking, with staking at least we are going to get rid of most of the machines which would help people mine via their richness (not fair I know) and there would be less transactions.
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I personally would love a bitcoin with staking involved, I know it won't be profitable for small investors like me but neither is mining so at least if rich are getting richer let me pay less transaction fee for it.
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I personally would love a bitcoin with staking involved, I know it won't be profitable for small investors like me but neither is mining so at least if rich are getting richer let me pay less transaction fee for it.
Staking will not make the bitcoin blocks bigger or faster.
PoS, PoW, Pooh
the network will have the same capacity.And so there will be no small fees for you either.
electricity that uses solar panel power does provide a lot of benefits because the energy produced can be used for mining or other activities, but the most terrible threat is when bitcoin has reached the maximum production limit which means that it can't be mining anymore, mining equipment not used to mine bitcoin anymore.
You still need mining to solve blocks even if the reward drops to zero.
With just one nuclear plant we can literally cover ALL bitcoin mining operation electricity requirements and then some (a lot more) which is why if we want free bitcoin transactions we should totally focus on nuclear plants.
i don't follow your logic. how does this equate to free bitcoin transactions?People think that if you have more miners you process more transactions and mine more bitcoin, or that the fees are imposed by the miners to cover electricity costs.
I'm pretty sure 90% of the forum doesn't have a clue how mining, miners, nodes, and blocks work.