2 ms·
It's the miners who are hemorrhaging hard currency. It's currently costing $8-10 billion per year to keep the BTC blockchain alive, but blockchain fees are paid
by ahazred8ta 1y ago
It's the miners who are hemorrhaging hard currency.
It's currently costing $8-10 billion per year to keep the BTC blockchain alive, but blockchain fees are paid when transacting, not when HODLing, so it's not a storage cost.
- LikesPwsh 1y agoMiners get paid in BTC but have costs in money. They have to sell, so the money is coming from buyers and impacts holders via reduced demand.