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File: 1754383832932-0.png (44.44 KB, 1054x229, Screenshot 2025-08-05 0940….png)

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The rate of profit has fallen!11!!! 1 billion industries must consolidate into monopolies. thank you emperor trumpdf

also wait a sec at that 'even' doesn't sky high prices imply it's harder to get money mining?? what is this person talking about

>>695485
Mining has a cost that is independent of the price of a coin. The picture just says that even though the price is high, the cost of mining is higher.

>>695484
Meh another nothing burger article from literal who with mislead stats.
sages

>>695487
yeah but doesnt a high price usually involve lots of miners -> mining returns go down?

>>695520
I don't know.

>>695520
That is one part of it. Also bitcoins are designed to be a limited quantity and mining naturally gets harder and harder even if there was only one GPU mining it in the world, because there are less and less possible bitcoins to mine.

That's my understanding but I've never gotten into crypto.

>>695630
yeah supply goes down -> mining difficulty gets harder and less profitable + price goes up, so there's a natural negative correlation. that's my understanding.

>>695630
Don't they need mining to process transactions? What will happen if it is no longer profitable to mine, will the whole thing just collapse?

>1 billion industries must consolidate into monopolies
this has been the tendency of capital since capitalism is a thing and something only the petit bourgeois present as le bad

>>695630
Ok ChatGPT says that's wrong.

>✅ Bitcoins are limited in quantity
>True. The total supply of Bitcoin is capped at 21 million coins, hardcoded into the protocol.

>❌ “Mining naturally gets harder even if there was only one GPU mining it in the world”
>This is not quite correct.
>The Bitcoin network adjusts the mining difficulty roughly every 2 weeks (2,016 blocks), based on how quickly the previous 2,016 blocks were mined.

>If blocks are mined too fast (i.e., there's too much hashing power), difficulty increases.

>If they are mined too slowly (i.e., there's less hashing power), difficulty decreases.

>So if only one GPU were mining, the network would eventually lower the difficulty to match that hashrate and maintain ~10 minutes per block.

>❌ “Because there are less and less possible bitcoins to mine”
>Misleading. While it’s true that fewer new bitcoins are released over time due to halving events, this does not inherently increase mining difficulty.
>Halvings reduce the block reward (e.g., from 6.25 BTC to 3.125 BTC), which affects miner profitability, not the technical difficulty algorithm.

<✅ What Happens When the Last Bitcoin Is Mined (~Year 2140):
<1. Mining Does Not Stop

<Miners will still mine blocks, just like today.

<The block reward (newly created bitcoins) will be zero — but miners will earn transaction fees instead.

<2. Why Miners Will Keep Mining

<Every time someone sends Bitcoin, they attach a transaction fee.

<These fees go to the miner who includes that transaction in a block.

<So even with no new bitcoins being created, miners will still be financially incentivized to mine — as long as transaction fees are worth it.

<3. Mining = Securing the Network

<Mining isn't just about earning new coins. It's also how the Bitcoin network:

<Confirms transactions

<Prevents double-spending

<Maintains consensus

<So, mining will continue indefinitely, even after the 21 millionth (or final fraction of) Bitcoin is issued.

>>695640
well if chatgpt said it

>>695636
>Don't they need mining to process transactions?
Yeahh apparently so.
> What will happen if it is no longer profitable to mine, will the whole thing just collapse?
According to ChatGPT is the only thing they can do is raise the transaction fees. But if the transaction fees goes up, then it wouldn't be useable as a form of currency anymore.

>>695641
>well if chatgpt said it
It's funny how you guys get so offended by what is basically an internet search, when people just come here and spout whatever unsourced bullshit out of there ass. I guess at least there ass is making organic bullshit.

>>695644
where ass?

>>695644
Yes but if a person is wrong you can bully them about it and it feels good. If it's ChatGPT, you can only bully them for using it, not for what it said.

>>695644
You're the one sounding offended by someone mocking your holy waste of resources.

>>695648
>You're the one sounding offended by someone mocking your holy waste of resources.
Won't someone think of the electricity.

>>695640
ah I stand corrected. More people mining = less money from mining.

We only just now hit bitcoin's non-profitability? Figured that would've been the case years ago.

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>>695640
>I asked grok / chatgpt / bonzai buddy / deepseek / kimi
I should get into tarot reading. We're in an age where what is effectively scrying / divination is normal, so I should have that in my toolbelt. Not gonna lobotomize myself via AI usage, but a tarot deck or a crystal ball or something of that nature might be a nice addition to my dice set.

sorry but only the terminally online have an obsession with AI and cryptocoins, whether for or against it. who cares!!


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