Post
Topic
Board Mining
Re: Bitcoin's Future: What Happens When the Block Reward is Lower Than Fees?
by
ETFbitcoin
on 27/12/2022, 09:18:52 UTC
Assuming we are in 2072 where blocked rewards 0.0007629  BTC per every 10 minutes. And Halving BTC mined in cycle 160.2172 BTC

How can mining be commercially profitable in this situation seems very difficult to me.
Assuming that mining power consumption, electricity costs, and maintenance costs will be lower in a tech-driven economy, what will be the condition of the BTC market if BTC mining blocked mined cycle approach zero?

As i said earlier, difficulty adjustment will make mining remain profitable where only miner with efficient ASIC and low operational can survive. For example, if all other variable remain same (same Bitcoin price, ASIC type, etc.), the difficulty will be adjusted to only 1/2^13 of current difficulty.