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A comment on Bitcoin mining the hard way: the algorithms, protocols, and bytes.

Re:Bitcoin mining the hard way: the algorithms, protocols, a... by durkie on Sunday February 23, 2014 @10:05PM (#7288890)
one thing i've never been clear on: what happens after the last bitcoin is mined?

it seems like if there isn't a reward of BTC for mining the block (and you're just relying on transaction fees), then mining will become a lot less lucrative/interesting to folks. so do lots of people then drop of out of the mining game, and then difficulty decreases until mining is easy enough to be worth the transaction fees? do transaction fees go up?

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Re:Bitcoin mining the hard way: the algorithms, protocols, a... by zwily on Sunday February 23, 2014 @10:53PM (#7288995)
The reward just keeps halving, so it only approaches 0 (well, until we run out of digits of course). And by the time that happens, transaction fees will probably already be more valuable than the reward.
[ Parent | on HN ]