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RE: Bitcoin future uncertain - cryptocurrency mining is OBSOLETE!

in #bitcoin8 years ago (edited)

Only if it is profitable. Blockchains that utilize mining are at a cost disadvantage with blockchains that don't.
Bitcoin uses new coin creation and transaction fees to pay off miners, while Steem puts most of the new coins created into reward pool, to pay content creators, and charges no transaction fees. Better use of funds don't you think.