Post
Topic
Board Mining speculation
Merits 1 from 1 user
Re: For how long can we actually mine ?
by
mikeywith
on 12/12/2019, 12:21:19 UTC
⭐ Merited by DaveF (1)
So we all agree on the main points here, except that i think mining farms will still do just fine till 2029-2033 because i don't see why wouldn't bitcoin hit 50k in 10 years, the way i look at it is if btc can't do that, it might as well just die and disappear.

Now since we agree to the fact the home miners will dominate at certain point, how reliable will bitcoin be then when 1 large farm can switch their gears back on and easily attack the network or force new rules / hardfork or whatever shit anyone would do? The blockchain size by then will also be very large,nodes number might as well drop significantly , making every kind of attack much more easier than it is now.

I know that isn't 100% mining related, but what plans do we have for those "dark days" ? How can we maintain the same level of mining incentives to keep the blockchain secured without totally depending on price?