Topic: Does The end of mining lead to end end of innovations? - page 2. (Read 270 times)
If bitcoin miners stopped their asic machines then the price of graphic cards would jump as we can all go back to gpu mining! Supply would also decrease so the value of bitcoin will rise
Mining can definitely not end, it can only be upgraded to possibly a higher tech or something,just as we moved over from anybody mining over his/her laptop back in the early days,now to high powered electrical units(mining rig),smart individuals on hand to solve one puzzle or the other before another..
It can only get harder,or probably more developed than it already is at the moment,but for an end to mining it's not happening in this lifetime
It can only get harder,or probably more developed than it already is at the moment,but for an end to mining it's not happening in this lifetime
mining will end only if there is a global explosion destroying every computer in sight and taking out the electricity of the whole world. otherwise mining will continue to happen until the end of the world or until a better alternative is found that can replace it. and so far there has been nothing better than the current PoW consensus algorithm used by bitcoin that can satisfy all the needs.
If mining 100% stops then bitcoin transactions will slow down to a halt. Is having zero miners possible though? I heavily doubt it. There's money to be made with mining hence why people are doing it, regardless if they actually think that bitcoin will succeed or not.
If mining ends ,will new projects stop emerging in the space of crypto? How are ining and innovations related? If mining ends ,projects mostly adopt POA consensus model where mining is not necessary?
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