Bitcoin mining efficiency and Botnets

Guido Witmond guido at witmond.nl
Tue Oct 15 04:12:23 PDT 2013


On 10/15/13 12:45, coderman wrote:

> 
> in some few score years there will be zero coins rewarded for mining
> blocks - the financial incentive, for what it is currently, merely a
> transient part of the bootstrap.
>

https://en.bitcoin.it/wiki/FAQ#If_no_more_coins_are_going_to_be_generated.2C_will_more_blocks_be_created.3F

There will always be the reward of the payment fees for 'mining' the
next block. So there will be an incentive to run a 'miner'.

And when bitcoin usage grows to the cash flow of a medium sized country,
the payout will be better than that of a state lottery. And your lottery
ticket is a one time purchase.


Guido.


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