4 ms·
Does the transaction price go up when fewer people mine?
by felipeko 9y ago
Does the transaction price go up when fewer people mine?
- deleted 9y ago[deleted]
- hossbeast 9y agoNo, the transaction price scales with total transaction volume on the network.
- AgentME 9y agoNo. (Well, in the short term as miners leave, the block time increases, which increases the block pressure and increases fees, but the block time re-normalizes itself regularly as the mining difficulty adjusts.) The only thing that the number of people mining directly affects is the cost for an attacker to perform a 51% attack on the network.