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To: Catphish

There are finitely many bitcoins. It’s getting harder and harder to mine them. Are they basically the first 21 million prime numbers? something like all primes less than 2^29? Maybe 3 bits for some sort of checksum or identifier?


61 posted on 11/02/2017 8:24:43 PM PDT by scrabblehack
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To: scrabblehack

the mining is a problem. It takes a lot of electricity to verify a set of transactions and to thereby earn some additional mined bitcoin. I can’t see how this could ever scale up to where it could handle serious transaction volume. It would seem to be too inefficient.


62 posted on 11/02/2017 9:27:43 PM PDT by Norseman (Defund the Left....completely!)
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