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Aren't transaction costs being "paid for" by all those people running mining rigs? All that processing power used to confirm your transaction cost someone real
by deegles 13y ago
Aren't transaction costs being "paid for" by all those people running mining rigs? All that processing power used to confirm your transaction cost someone real money. Transaction fees ostensibly pay for this, but I haven't seen anyone do the math on how much to charge to make transactions break even. As the difficulty gets higher and higher, miners will have to rely on these fees to make any profit.
As a side note, is it possible to build mining rigs optimized for transactions vs. mining? or is that the same job?
- lostsock 13y agoIt's the same job. The way that transactions are processed is that they are included in the block that is mined. At the moment there is an extra 25 BTC reward for mining a block in addition to the transaction fees of those transactions you have included but over time this extra reward will diminish to 0.