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>if your BTCUSD is based only on total BTC circulating you're doing it wrong Thats how it works. Supply which is the number circulating and demand. The suppl
by sanswork 12y ago
>if your BTCUSD is based only on total BTC circulating you're doing it wrong
Thats how it works. Supply which is the number circulating and demand. The supply keeps going up with every block. Bitcoin needs to find ~$1.6m of new demand every day to stay at the current price.
>What I'm interested in is how much each transaction actually costs to miners
I'm not sure what you mean here. How much it costs a miner depends on how many people are mining which depends on the price. It scales and generally sits around break even though there have been long periods(many believe now is one) where almost all miners will be running at a loss.