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> It would be very expensive Even for early miners? Edit: I should have written early buyers, since those wouldn't mind paying extra after their asset appreci

• jstanley 9y ago
  > Even if you're a miner, your fake volume would be displacing real volume that would be paying real fees. You'd be missing out on mining revenue. And given that the marginal cost of mining tends towards the marginal reward for mining, missing out on revenue is almost as bad as making a loss. There would have to be a substantial incentive to fake transaction volume in order to make it worth it. Additionally, given that blocks are full these days, there's not very much scope for increasing the apparent transaction volume anyway. The best you could do is replace large "real" transactions with a larger number of smaller "fake" transactions. I just don't think it's likely to be happening.
• shawabawa3 9y ago
  > Even for early miners? What does "early miners" mean? Nobody has any inherent advantage in mining bitcoins. The costs are the same for everyone Some people may have an advantage by having cheaper electricity costs or better mining hardware, but they would still be missing out on significant amounts of fees by not mining legit transactions