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Aren't most of the rewards due to the generation of new coins? Currently 6.5 per block as far as I know. I haven't done the math to know if the fees are substan
by ulrikrasmussen 5y ago
Aren't most of the rewards due to the generation of new coins? Currently 6.5 per block as far as I know. I haven't done the math to know if the fees are substantial compared to that.
Edit: Recent block 695416 generates about 6.5 BTC to miners and has only 0.0748 BTC in total fees. Fees would have to increase by more than a factor of 64 to make up for the difference. https://live.blockcypher.com/btc/block/00000000000000000001cca1ecf8bf467ba97bd4e319e152e633f90464beb606/ https://live.blockcypher.com/btc/block/00000000000000000001c...