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<p>[QUOTE="calcol, post: 26191012, member: 77639"]The next holder won't need a larger wallet. However, it does increase the block chain. Mining consists of doing bookkeeping on the block chain and being rewarded with unmined bitcoin for doing a certain amount of work. As the block chain grows, the amount of work to be rewarded with unmined bitcoin grows. That's why mining now requires huge amounts of computing and electricity.</p><p><br /></p><p>Exchanging or trading bitcoin requires very little computer time. Mining requires an enormous amount.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 26191012, member: 77639"]The next holder won't need a larger wallet. However, it does increase the block chain. Mining consists of doing bookkeeping on the block chain and being rewarded with unmined bitcoin for doing a certain amount of work. As the block chain grows, the amount of work to be rewarded with unmined bitcoin grows. That's why mining now requires huge amounts of computing and electricity. Exchanging or trading bitcoin requires very little computer time. Mining requires an enormous amount. Cal[/QUOTE]
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