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Topic: Will lifetime mining shares be a fortune! (Read 641 times)

newbie
Activity: 41
Merit: 0
April 13, 2014, 01:17:13 PM
#2
Quote
but on a longer run when difficulty becomes very high where mining completely becomes nonviable option in the neighborhood and only large and corporate organizations could only afford to do mining...

Mining is designed to be less profitable as possible (hint: half reward every 4 years)
This prevents corporate pour money into mining business. As you can see now, there no ASIC hardware on the market is profitable. If you think you will make profit, when bitcoin price is up. Then it's better to buy bitcoin.
hero member
Activity: 756
Merit: 502
The lifetime mining shares at cryptsy recently announced

 https://www.cryptsy.com/currencies/view/139

It seems it would take around 200 days to recover the money invested, but on a longer run when difficulty becomes very high where mining completely becomes nonviable option in the neighborhood and only large and corporate organizations could only afford to do mining...

In that situation if transaction fee becomes mandatory( one of the proposal to incentivize mining) then as bitcoin users skyrocket and so does the volume of money collected as transaction fees which will be paid to lifetime mining shareholders...

Does it work that way or am I wrong?..
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