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Not true. Mining at later stages will provide miners with transaction fees which will be significantly high enough for them to focus on keeping the network secu
by xseven 9y ago
Not true. Mining at later stages will provide miners with transaction fees which will be significantly high enough for them to focus on keeping the network secure rather trying to find colliding keys
- sanswork 9y agoNo coins to provide transaction fees if they are all lost though which is what the person you were replying to was saying.
- lern_too_spel 9y agoUnless you have a hidden advantage, the cost of mining and the reward for collecting transaction fees will converge. The capital required to become a miner is very small, and the amount that a user can offer for fees is easy to change, allowing the market to be very efficient.