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Holders of the currency (and especially citizens with little alternative) bear the cost. With bitcoin, on the other hand, the supply is tightly controlled by the underlying algorithm. A small number of new bitcoins trickle out every hour, and will continue to do so at.
Because this is about mining on any old normal computer, the rest of the article will focus on coins which can be effectively CPU mined that is coins which either dont offer any advantage to GPUs or ASIC s or which only offer a relatively.
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Yesterday there was a discussion on a listserve about Brian Kellys hypothesis regarding bitcoin exchange rates and below is an answer I used to discuss where payment processors fit into the ecosystem.
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