alt Hacker NewsThere is a limit. The cost of electricity required is bounded by the value of the reward (block reward plus transaction fees). The value of the reward is bounded too, since the "import" of electricity into the Bitcoin economy is inflationary.
There is a limit. The cost of electricity required is bounded by the value of the reward (block reward plus transaction fees). The value of the reward is bounded too, since the "import" of electricity into the Bitcoin economy is inflationary.
Then making the block reward halve every 4 years is a pretty strange decision.