News for hackers. Stuff that matters.
Re:China says it wants to eliminate Bitcoin mining by modzu on Tuesday April 09, 2019 @10:24AM (#19614965)
i thought one of the features of bitcoin was that mining would eventually become too computationally expensive -- because the total number of bitcoins is fixed. so at some point, mining does not produce coins and you're only mining to process transactions. so isn't there a plateau somewhere, relative to the throughput of the network? nb: non-expert here
Re:China says it wants to eliminate Bitcoin mining by belltaco on Tuesday April 09, 2019 @05:16PM (#19619005)
Based on limited knowledge, once all the coins are mined, I think the miners then compete for transaction fees only.

>mining would eventually become too computationally expensive

I don't think that's true, the difficulty adjusts every two(?) weeks based on the hashrate.