Why Bitcoin is heading towards a huge mining problem



Business Insider UK spoke with University of Cambridge Research Fellow Garrick Hileman about cryptocurrency mining and the potential problems that it could …

8 Comments

  1. I lost a great deal of investment in bitcoin a few weeks back when I was trying to take a bold step in the bitcoin market. I was partnering with a popular bitcoin investment website who have been able to convince me through third parties. At first, didn't think there was something to worry about as my first $100 investment made me $150 within 24 hours. To me that was very impressive and I then went ahead to invest 2BTC which was about $18,200 at the time. One thing I learnt is that I didn't lose my money due to bitcoin volatility. I lost it because of some unscrupulous element across the internet that targeted a single mother like me, for their personal gain. Thanks to my friend who introduced me to cyberhackintelligence. The services of a Data retriever hacker who could recover lost/sent bitcoin using advanced methods which I can testify to based on first hand experience. If there is anyone out there in a similar situation and wants a fast solution then contact email … cyberhackintelligence@gmail.com.
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  3. Bitcoins value will keep increasing. Have you not seen its market value rise ovver the past 6..7 years? It went from a couple of cent to over 10k. By the time we mine all the bitcoin it value could be in the 6 figure mark, maybe 7. So as the reward is cut in half, the value of the reward also increases. Alos by 2020 our tech will be alot more advanced, look at our technology for fucks sake. Computing power increases every year, it wont get harder to mine bitcoin, it will get easier. Once everything is mined, miners would have collected there moneys worth and continue to recieve transaction fee payoffs. Mainly big companies, all the small mining rigs will eventually be replaced by big mining farms. Minning wont be a problem for bitcoin.

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