>87 TH/s
holy fuck it's over
87 TH/s
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Why didn't Satoshi forsee diminishing returns?
Btc OGs do know the problem, that's why even adam back tries to hype up the price on twitter.
its nothing. post this again if any competion gets even close with hashrate
noooooooo u cant have blocks at 12 min on average instead of 8 noooooooooooooooooo
Thanks to the cheap power near the abundant natural gas and wind turbines in West Texas,Layer1, a startup backed by billionaire Peter Thiel,can produce bitcoin at just $1,000 per coin, making 90% profit margins at its current price. But CEO and co-founder Alex Liegl is prepared totemporarily shut down the mining operationthis summer. Why? Because he can also make a windfall bytransferring his energy to the electricity gridto meet excess demand for air conditioning during the dog days of summer.
Just for its willingness to shut down bitcoin production,Layer1 collects an annual premiumcorrelated to expected power demand that’s worth about $17 million.
still 20x more than 2017...
He foresaw. He just didn't care.
I don't even know why I read this posts I don't but crypto trash I just yearn in anticipation for the feds to shut down the whole pyramid scheme
imagine having so much hashrate that 95% of miners could quit and you still have 5x the hash capacity of nearest competitors.
nocoiners btfo for all time and thru every orifice.
>On the Instability of Bitcoin Without the Block Reward
cs.princeton.edu
The most in-depth paper written on bitcoin EVER
Princeton university
>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
bis.org
"Second, the transaction market cannot generate an adequate level of
“mining” income via fees as users free-ride on the fees of other transactions in a block and in the
subsequent blockchain. Instead, newly minted bitcoins, known as block rewards, have made up the bulk
of mining income to date. Looking ahead, these two limitations imply that liquidity is set to fall dramatically
as these block rewards are phased out. Simple calculations suggest that once block rewards are zero, it
could take months before a Bitcoin payment is final, unless new technologies are deployed to speed up
payment finality. Second-layer solutions such as the Lightning Network might help, but the only
fundamental remedy would be to depart from proof-of-work, which would probably require some form
of social coordination or institutionalisation."
It's not about chainlink, dude.
same
>i take investing advice from commie diversity hires
why haven't you made it yet, jamal?
hash rate cope, POS is better. Bitcoin destroy the planet, so people can specualte on it and scammers can get rich. I repeat, BTC destroys the planet so that scammers can get rich. Thats the sad truth.
Will miners have enough incentive to keep the lights on after the lasting halving?
Will fees increase?
Keep in mind hardware will get cheaper too.
>87 TH/s
87 EH/s you mean, you forgot three zeroes
shitforks can be 51% attacked non-stop with the remaining power, imagine forcing re-org on cashiechains and double-spending for exchanges tx
>POS is better.
rent seekers that want to gain ongoing fees in perpetuity without ever expending any additional effort.
t. rabbi
bitcoin has a block reward for like, what, 100 years?
i won't even be alive nigga why would i care
>still thinking there's anything he didn't forsee
World of Warcraft and porn destroys the planet so scammers and degenerates can get rich. Bitcoin is the most intelligent and honest segment of the world involved in the honorable project of defining and implementing the defenition for hard money.
Turns out BSV getting delisted was 3d chess
Because it gets worse for every halvening, the security lessens. And this will be priced in at least 100 years before block rewards end. It will be priced in as this info comes out, which will be soon
god you priced in faggots are retarded
why isnt the value of bitcoin zero since 2009?
>Honest and intelligent segment
Haha cope. Crypto is run by the worst scammers the world has seen. It attracts the bottom feeders. Sure there are some smart devs that build stuff, but they are the minority. The majority of crypto is run by scammers and moonbois.. Hard money is a meme btw. It´s a bullshit meme to attract low iq plebs
thats why the legit coins introduce their own algo. to be the big dog on it and not attackable.
>The majority of crypto is run by scammers and moonbois
Yes but I said Bitcoin
This sun destroys the planet.
What no?
Maybe we should pass laws making public mining firms required to derive all power from the sun/water/wind.
So we could mine forever and never give a fuck about anything but solar/windmill prices
Its almost as if he thought people would use more than 7tps to eventually replace the block subsidy.
Hard money might be a meme but lego money isn't. Look into AAVE.
DW, peter thiel will get whats coming to him soon enough. We don't want him in our country and he will eventually face a mob.
Commie scum, pls back to Havana o Venezuela, caballero negro