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"The August 2016 report details the two types of incentives for miners, including block rewards and transaction fees. Block rewards earn miners far more than transaction fees currently. Over time, transaction fees are anticipated to increase."
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Your date for when all the bitcoin will be mined is incorrect. From Wikipedia "Eventually, the reward will decrease to zero, and the limit of 21 million bitcoins[note 7] will be reached c. 2140; the record keeping will then be rewarded by transaction fees solely"
There is a lot left to be desired with this article...
Hi! I am a content-detection robot. I found similar content that readers might be interested in:
http://epeak.in/2016/12/06/the-price-of-bitcoin-needs-to-increase-for-the-digital-currency-to-survive/
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Copying/Pasting full texts is frowned upon by the community. Sharing content by itself adds no original content and no value.
Share content and add value by:
For example this part of your text:
"The August 2016 report details the two types of incentives for miners, including block rewards and transaction fees. Block rewards earn miners far more than transaction fees currently. Over time, transaction fees are anticipated to increase."
Repeated copy/paste posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
Thank You!
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Sorry about that, thanks for being my guide, section has been removed.
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Your date for when all the bitcoin will be mined is incorrect. From Wikipedia "Eventually, the reward will decrease to zero, and the limit of 21 million bitcoins[note 7] will be reached c. 2140; the record keeping will then be rewarded by transaction fees solely"
There is a lot left to be desired with this article...
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Evidence? Reference? You seem to know what you're talking about so show it.....
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