Another point missed in this debate is that most of the block reward (and therefore, cost of mining)'s value comes from the new coins that are minted. Since there's a cap of ~21 million, this cost is paid only once per coin. Every four years, the inflation rate halves.
Another point missed in this debate is that most of the block reward (and therefore, cost of mining)'s value comes from the new coins that are minted. Since there's a cap of ~21 million, this cost is paid only once per coin. Every four years, the inflation rate halves.