Post
Topic
Board Economics
Re: Bitcoin as a leading currency?
by
shoreno
on 08/02/2020, 15:56:57 UTC

You are right but i feel it'll not be difficult if you recognize the way to use it properly. Bitcoin is that the first to exchange the market. Many coins have come after Bitcoin but cannot compete with Bitcoin. But hopefully, Bitcoin will still rise through the facility of electricity.

What do you mean by that?

The facility of electricity? Are you talking about how expensive Bitcoin is in mining and it needs to be developed on that? If that is the case, miners are already using other means of a source of electricity. Bitcoin is the leading currency because it is the first one, that is the reason a lot of people recognized it since it is there for a very long time.
Bitcoin mining is really expensive, but i think even other people had been using other source of electricity in bitcoin mining it is still not enough because an equipment in bitcoin mining needs to be working 24/7, so it needs really needs a huge amount of electricity.

depends on different factors . it can be expensive if you buy expensive hardware and pay expensive bills but it can be cheap once you know how to save electric bills and use cheap mining tools  .

  bitcoin isnt the leading currency because curency means overall ( it includes usd , euro , etc ) btc only leads on the crypto currency section  because there are also online currency that are popular and indemand than cryptos such as btc   but who care with them ?