Quote:
Originally Posted by karl262
Fun fact about bitcoin:
There are roughly 115 million wallets. Based on current usage the last new bitcoin to be minted will happen around the year 2140. In todays money the cost of electricity to do the work and mine the final bitcoin is $1 billion dollars. Source: that crazy McAfee guy (RIP)
For me the questions are do I think bitcoin will be mined to the last one; and do I think electricity prices will go up, down, or stay the same around the time it happens?
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Wouldn't advances in computer power also change this?
I don't really understand mining but wouldn't Energy consumption go down as the mining rigs get more powerful in their computing power?
Kind of like how a call phone has more computing power than a giant desktop from 10 years ago?