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How does everybody become wealthier? The money to put more Bitcoin (or any other popular crypto currency) into the system is not distributed among investors, it
by foepys 5y ago
How does everybody become wealthier? The money to put more Bitcoin (or any other popular crypto currency) into the system is not distributed among investors, it is literally burned.
Mining Bitcoin requires energy and hardware and new Bitcoins are the way to pay for those. Next to all money from mined Bitcoins goes to energy providers and hardware manufacturers. That is how these systems are designed in their respective whitepapers.
- paulgb 5y agoTo put some numbers on it, at a price of $60k and in the current mining epoch, Bitcoin miners rake in ~$20 billion per year in the aggregate (not even counting transaction costs). All that money comes from diluting hodlers.