Comment on Bitcoin Network Doubles to 2 PH/s in Four Weeks; the First 1 PH/s Took 4.7 YearsparentComments−letney12ythe percentage doesn't seem to bring enough money compared to the cost of electricity for those machines.That is entirely dependent upon the value of one bitcoin.The transaction fees for a block go to the miner.If bitcoin is actively used in 2140 when the issue of new coins ceases, the value of even small fractions of a coin will likely be very high.−baby12yIIRC the percentage was diminished when the value of bitcoins increased 6months/1year ago.
Comments
That is entirely dependent upon the value of one bitcoin.
The transaction fees for a block go to the miner.
If bitcoin is actively used in 2140 when the issue of new coins ceases, the value of even small fractions of a coin will likely be very high.
IIRC the percentage was diminished when the value of bitcoins increased 6months/1year ago.