As the cost of mining goes up in terms of energy cost, and the block reward (subsidy I think is the term I’ve heard) goes down, will mining become more decentralized and run on more dispersed smaller scale hardware? (Enter hardware like the bitaxe?)
I’ve heard speculation block fee’s will go up over time too with competition for block space, so what will become a good UTXO size to have at a minimum?
When the block subsidy is smaller than the fees being paid to the miners, will big miners still operate for competition on what is a chance to gather these fees, or will small miners at random become wealthy by running their own hardware?
Piecing together this whole bitcoin thing little by little from an end user’s perspective.
Spack_Jarrow
npub15w…8jlue
2024-08-07 02:27:07
Author Public Key
npub15wlaatpqh6vzru75j7qpas4qak2hvqaru9vtell9ah0mncwj8gssd8jluePublished at
2024-08-07 02:27:07Event JSON
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"content": "As the cost of mining goes up in terms of energy cost, and the block reward (subsidy I think is the term I’ve heard) goes down, will mining become more decentralized and run on more dispersed smaller scale hardware? (Enter hardware like the bitaxe?) \n\nI’ve heard speculation block fee’s will go up over time too with competition for block space, so what will become a good UTXO size to have at a minimum?\n\nWhen the block subsidy is smaller than the fees being paid to the miners, will big miners still operate for competition on what is a chance to gather these fees, or will small miners at random become wealthy by running their own hardware? \n\n\n\nPiecing together this whole bitcoin thing little by little from an end user’s perspective.",
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}