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If you don't include the 25BTC in the costs, you're pretending that the electric costs of running all the bitcoin miners to 'secure' the chain don't exist. Bit
by joosters 10y ago
If you don't include the 25BTC in the costs, you're pretending that the electric costs of running all the bitcoin miners to 'secure' the chain don't exist.
Bitcoin is a very expensive and inefficient way of transacting.
- olegkikin 10y agoYeah, but the miners pay for it, not the users of the network. Thus, it is not a transaction cost, but yeah, it is the cost of running the network. You're confusing the two.