Re: Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
Has everyone heard the news? I believe the leanest month will get a leaner month sooner or later for less-efficient miners.
👀
Japan's largest electricity company will build a facility to use renewable energy to mine Bitcoin.
Decentralization with low fees was the core promise of Bitcoin and not getting that would mean we have failed.
Low fees was the "core promise"? Laughable. Who said that? Roger Ver?
Imo, those are the bare minimum requirements that we need for Bitcoin to onboard millions and also be the store of value that it has been regarded as in the past. If we want to onboard everyone, fees have to stay low, possibly lower than current tx fees and transaction confirmations needs to happen quickly. I still wonder how we would fair when there are no block rewards to compensate for low fee months like August 2024.
If that's the actual "bare minimum", then why hasn't BCash "onboarded millions"?
Your post getting a merit from OP is also laughable.
👀
Japan's largest electricity company will build a facility to use renewable energy to mine Bitcoin.
Decentralization with low fees was the core promise of Bitcoin and not getting that would mean we have failed.
Low fees was the "core promise"? Laughable. Who said that? Roger Ver?
Quote
Imo, those are the bare minimum requirements that we need for Bitcoin to onboard millions and also be the store of value that it has been regarded as in the past. If we want to onboard everyone, fees have to stay low, possibly lower than current tx fees and transaction confirmations needs to happen quickly. I still wonder how we would fair when there are no block rewards to compensate for low fee months like August 2024.
If that's the actual "bare minimum", then why hasn't BCash "onboarded millions"?
Your post getting a merit from OP is also laughable.