Post
Topic
Board Speculation
Re: Is this the reason the bitcoin price is not exploding right now?
by
yorma_kappa
on 22/09/2014, 05:50:28 UTC
 And since we will have so many millions, or billions of dollars worth worth of new coins mined in a year, the equivalent value will be invested to mine them until the cost of production becomes only marginally profitable. Whether this means spending money on large mining data centers, or funding millions of sybil nodes to influence a voting system, it will happen either way, because if there's money to be made mining, everyone will do it until it becomes unprofitable.