Javascript and the Blockchain with Max Kordek - JSJ 503
JavaScript Jabber
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The Future of Bitcoin Mining
As the network grows at least in bit coin, it becomes less and less efficient. This is because you have more influence, especially with its becoming kind of like market unto itself. So i think right now we are at six point two, five bid coin per block, if i'm not mistaken. And that'sa obviously, at to day's market price, quite a bit of money. But if weare looking exclusively to bid coin, it will never change. Proof of work will stay forever with it. And i think it will just grow and grow and grow forever, until the whole system, i don't know, it isn't interesting any more for the world.
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