Miners are rewarded with recently produced Bitcoins (block incentives) and transaction fees psu for Mining their computational initiatives. If fees are insufficient, miners may leave the network, minimizing computational power (hashrate) and potentially making Bitcoin more susceptible to strikes like 51% assaults. If Bitcoin’s cost gets to millions of dollars per coin, little charges denominated in BTC could still equate to substantial fiat values.
Miners are rewarded with newly minted Bitcoins (block benefits) and purchase fees for their computational initiatives. If fees are not enough, miners may exit the network, lowering computational power (hashrate) and potentially making Bitcoin a lot more susceptible to attacks like 51% attacks. Bitcoin’s security design depends on miners acting in the network’s ideal interest. Supporters counter that Bitcoin’s deflationary nature could drive up its worth over time, making even small costs financially considerable. If Bitcoin’s price reaches millions of bucks per coin, tiny charges denominated in BTC can still correspond to significant fiat values.
