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> Cryptocurrency is decentralized, meaning that there is no middleman company that profits off of every transaction, Except for the miners, who get a transacti
by gizmo686 8y ago
> Cryptocurrency is decentralized, meaning that there is no middleman company that profits off of every transaction,
Except for the miners, who get a transaction fee on every transaction.
- mrep 8y agoDon't forget the new coins being mined which have to be immediately sold to pay the $2.7 billion dollar operating cost [0] to secure the network. It should come as no surprise that the price of bitcoin has fallen so much and peak mining capacity has fallen by 30% when you have $2.7 billion dollars worth of newly generated bitcoin supply being sold each year. [0]: https://digiconomist.net/bitcoin-energy-consumption https://digiconomist.net/bitcoin-energy-consumption