3 ms·
> $12,000 per block If that's true, then why the hell is anyone mining? Bitcoin is currently trading at $240 or so which is half of break-even if the block rew
by deciplex 11y ago
> $12,000 per block
If that's true, then why the hell is anyone mining? Bitcoin is currently trading at $240 or so which is half of break-even if the block reward is 25BTC.
e: Nevermind, I see fryguy's comment now:
> It's 25 BTC + miner fees per block. According to the website linked, it's about 20-30 BTC per block, so at $250 USD/BTC, that's ~$12,000 USD per block of electricity.
I wasn't aware miner fees made up such a large portion of the reward these days.