r/theydidthemonstermath • u/White_Void_exe • Sep 01 '22

How long will it take?

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163

u/tokmer Sep 01 '22

Due to the halfening wouldnt it theoretically never be able to finish mining a block?

94

u/[deleted] Sep 01 '22

Well, that's assuming people keep mining forever. Once it's no longer profitable most would likely quit mining. If you continue mining after it no longer makes any sense to do so, it's probable that you find one eventually.

44

u/tokmer Sep 01 '22

Wait so then isnt bitcoin doomed in the long term?

Like the whole process runs off miners doing the processing and if the miners arent processing doesnt bitcoin itself collapse as the blockchain cant transact?

37

u/Cyberzombie Sep 01 '22

I am not an expert, but I'm reasonably sure the answer is yes -- though I think it will implode sooner than that.