Immediately Cryptocurrency nears its expected mine rate, it wouldn't be possible mining it again, it will become scarce, by then the price will be higher.
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With each four years there is a halving event that reduces the supply of the coin which does make it harder to mine. However this is a very good thing because it also drives up the price of the coin and helps it to achieve a good level and investors as well.Yes I believe it would be difficult to mine crypto currency in the future which would make it even more valuable. Currently it is hard already to mine
The ease of Mining cryptocurrency has to do with the value,the higher the value,the more difficult it will be.For instance bitcoin was much easy to mine few years ago compared to now and if the price keeps going up,it will be become very difficult to mine.
I have been hearing about the mining site called monero but i have neverhad the opportunity of checking our the mining site, the facts still remains that as bitcoin keeps increasing, it keeps getting hard to mine.Well it actually depends on the kind of crypto currency because coins like monero is still very easy to mine compared to bitcoin and others , but i know the more the price of bitcoin , the more hard mining becomes and that is how it is i think , i just hope mining becomes very easy
True the harder it becomes to get, the higher the value as people would be willing to pay any amount just to get their hands on it. I believe it is a business strategy on their part as well.With each four years there is a halving event that reduces the supply of the coin which does make it harder to mine. However this is a very good thing because it also drives up the price of the coin and helps it to achieve a good level and investors as well.
It definitely is a strategy on their side and it is what is driving the cryptocurrency community to increase in price so substantially however I think that it is severely hindering some coins that do not have this feature such as dogecoin.True the harder it becomes to get, the higher the value as people would be willing to pay any amount just to get their hands on it. I believe it is a business strategy on their part as well.
The difficulty of cryptocurrency mining is increased every four years in something that is referred to as a halving event and with this what happens is that the reward per block mined is lowered.Of course, it will be harder to mine cryptocurrency in the future. If you followed the trend there was a time mining bitcoin was so easy but today it's very hard.
I agree with you and there are many phones now that are coming out with a crypto hardware wallet that is already built into it showing that many companies are predicting this as well.I don't think getting to use crypto will be complicated,in the future I forsee it being easy to use like turning the door knob, crypto is here to stay
The value will actually see a rise as people get involved in cryptocurrency and bitcoin. I think what you are referring to here is actually the supply of bitcoin that is available for the mining process.As people join crypto currency it will start getting hard to mine Bitcoin because the value will start to decrease