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Miners and bitcoins
| moeny moeny
| Don't worry. The end of bitcoin is closer than u think
| Bitcoin is doomed. Ethereum struggling to keep up with transaction speed. Cardano is supposedly the one that will fix everything but it takes time.
| Due to transaction speed difficulties, I think most of the current coins will die and a few will transfer to become like gold, but it's difficult to say when. I think the technology for truly good coins is still at least a year out.
| It's literally killing the gaming market, not to mention it's an extremely high risk to start mining because you can't know when the value will drop or go up.
It looks more like gambling to me... all the brands can't keep up with the productions of gpus.
| >>131707 But still, as you said it is like gambling. I don't know much about economics but I think Bitcoin won't be stable unless miners mine everything - 21M
| >>131826 not stable, in a bubble, crashing, not liquid, and dying is different. But people seems to use "dying" and "end of bitcoin" to describe all of those situations.
| Why is the cap 21 million btw? I don't get it, it's virtual money.
| the bitcoin will never die, only evolv. like the blockchain detroy the "double spent" , other evolution will destroy the next problem. bitcoin is make for us, like real money, dollar, euro, he only die if all realy wanna it
| >>131901
There is an upper limit to the total bitcoins that can be produced because of some limit that the hashing algorithm has. This is not true for the other cryptocurrencies which have fixed that glitch. Yet bitcoin is the most popular as it is the first cc in existence, despite this fault.
| Glitch? I thought it was intentional to avoid inflation of value. Hence why there was set a "hard" limit.
| We are competing against you, and you are competing against us. It's never going to be good for both of us. That's how it works.
| I don't even think it's competition, they're using a product for something it's not meant to be used for. Why can't they just buy mining hardware instead of gpus...
| >>134723 because they want to make the life of gamers harder
A GPU is so expensive where I live now that a gaming laptop is cheaper than building a PC with the exact same specs....
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| Really, fuck miners. I can't buy ANYTHING. Every gpu is so overpriced, it's insane. I was really close to getting a 1060 6GB Auros for 279€ but someone bought it under my nose while i was ordering it. There is literally no way to get a gpu now if not by third party shops. Is this shit ever going to end?
Why is it happening now?