|
Registered
Join Date: Jan 2002
Location: Nor California & Pac NW
Posts: 24,769
|
Quote:
Originally Posted by ShopCat
The mining talk on here seems to all miss one large point, the algorithm is programmed to set mining time to roughly 10 minutes so it ramps difficulty up and down depending on number of miners. Therefore, there will never be a point where mining cost is higher than btc value. This is very basic knowledge of btc mining.
|
So what limits the potential number of BTC in existence, if mining is always profitable?
__________________
1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211
What? Uh . . . “he” and “him”?
|