https://i.redd.it/3yflulyuim4e1.jpeg
created by Willing_Plane5188 on 03/12/2024 at 12:02 UTC
0 upvotes, 8 top-level comments (showing 8)
Comment by rBitcoinMod at 03/12/2024 at 17:46 UTC
1 upvotes, 0 direct replies
Similar content has already been submitted several times. Please check the front page of r/Bitcoin and r/Bitcoin/new for previous submissions to help keep repetition to a minimum. You can also try using the search bar. Thank you.
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Comment by [deleted] at 03/12/2024 at 12:08 UTC
13 upvotes, 0 direct replies
As mining rewards go down, there’s a chance transaction fees go up (whether in price or volume) which still give a miner reward. Next.
Comment by joven_of_slave at 03/12/2024 at 12:17 UTC
4 upvotes, 1 direct replies
51% attack could cause the chain to fork. whoever was responsible would then have to keep that up to remain the dominent chain. i belive Andreas once talked about this a few years back. it might also cause a loss in confidence from the miners & they may decide to pull out & support a new network that has remained more honest & de centralised.
Comment by rundown03 at 03/12/2024 at 12:11 UTC*
7 upvotes, 2 direct replies
Remining a block? Doesn't that break the chain of what comes after? Each new block should start with the same code as what the previous one ended.
Comment by CiaranCarroll at 03/12/2024 at 12:13 UTC
3 upvotes, 0 direct replies
Who owns the idle mining rigs, and where are they geographically located?
Comment by FnAardvark at 03/12/2024 at 12:49 UTC
3 upvotes, 1 direct replies
What's stopping 51% of miners from doing something that would render their investment in mining equipment usless?
It's a question that answers itself. Everyone would sell off what they had, and it would be worthless to put your money into it.
Comment by [deleted] at 03/12/2024 at 12:18 UTC
3 upvotes, 1 direct replies
[removed]
Comment by andara84 at 03/12/2024 at 12:36 UTC
-1 upvotes, 1 direct replies
As soon as a successful 51% attack becomes known, bitcoin is dead, because trust in the network is gone for good. So, for an incredible amount of money, one could in principle destroy bitcoin. But the money (currently around 10 billion US for hardware alone, plus an impressive amount for the power needed) would be gone.
