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Re: Can we trust Legendary member chmod755 ?
by
dkbit98
on 25/05/2020, 00:07:04 UTC
You have been looking to something to point me for days, even mentioned me in the plagiarism section and deleted when you see you were wrong, like a spoiled child and after losings arguments jut using the "power" you have.

Here it is again SAME POST i reported:

Miners use tons of electricity to process transactions, and the general assumption is that miners directly sell their newly created bitcoins to cover their costs. Almost everyone knows that after the halving, not 1800 bitcoins, but only 900 bitcoins are supplied to the market daily.
This change is believed to have a positive effect on the price of bitcoin.
If the price of bitcoin does not increase after the block is rewarded by half, the miners revenue calculated in $ will decrease. This means that they will have trouble covering their costs, and that will cause miners with the highest electricity costs to leave the market first. The reduction in electricity consumption to maintain the network means that the difficulty of processing a block of transactions will decrease.
Theoretically, this means that it would be easier to attack the blockchain network and create 51% of attacks.

What do you think?
archive: http://archive.vn/otE2M



Quote
''Miners use tons of electricity to process transactions, and the general assumption is that miners directly sell their newly minted bitcoins in order to cover their costs. This would mean that after the halving not 1800 bitcoins, but only 900 bitcoins are freshly supplied to the market every day. This scarcity is believed to have a positive effect on the bitcoin price.

If the price of bitcoin does not increase after the block reward halving, the revenue of miners calculated in $USD will decrease. This means that they will have problems covering their cost, and this will drive miners with the highest electricity costs out of the market first. The reduction in electricity consumption to maintain the network means that the difficulty of processing a block of transactions will drop. Theoretically, this means that it would be easier to attack the blockchain network and create 51% attacks.

What do you think?''

Original source:
https://blockchair.com/tools/halving-countdown
archive: http://archive.vn/BLiAx


How about just STOP buying and creating new accounts and just accept the fact that you are banned from this forum multiple times?