There are plenty of people who believe they can predict the future of Bitcoin, but no one can really say for sure what will happen over the next five to 10 years. Some say that bitcoin will become the new reserve currency of the world, while others say issues involving scalability or regulation will eventually get in the way. Although no one can know what will happen, it’s still useful to analyze where Bitcoin has been, where it is right now, and where it may go in the future.
Dave Hudson, who is vice president of software architecture at Peernova and previously worked at Qualcomm, was recently interviewed on the Epicenter Bitcoin podcast, where he was asked about his thoughts on the future of mining by co-hosts Brian Fabian Crain and Sébastien Couture. Hudson runs one of the most popular Bitcoin mining blogs at hashingit.com.
Mining is Going to Burn a Lot of Energy
Although it’s unclear if the environmental costs associated with Bitcoin mining are something that could threaten the