pull down to refresh
0 sats \ 0 replies \ @User21952 12 Apr 2022 \ on: Ask SN: what happens to hashrate when mining rewards approach zero? bitcoin
Bitcoin needs mining, it doesn't need miners.
The question is what are Bitcoin users going to do?
They are going to mine. Because it's easy, and it means they control the rules, and protect their investment in bitcoin.
The notion that big miners are the future is the barrier to thinking sensibly about a peer to peer open network.