> If everyone gets a 5% return on their stake, Transaction fees slightly tip the balance from transactors to hodlers. > let's say it costs $1000 to set up a P

> If everyone gets a 5% return on their stake, Transaction fees slightly tip the balance from transactors to hodlers. > let's say it costs $1000 to set up a PoW mining rig Setting it up does nothing. You have to pay the ongoing electricity bill, which most miners do by selling a substantial fraction of their mined coins.