Quote from: tredos1 on March 10, 2018, 05:31:51 PM

Thanks Dr. Haribo for clearing up my understanding of how the fees work, it makes a lot more sense to me now. To further display my ignorance, how will it work for fees when we reach the end state of all the coins being found? I assume the idea would be for bitcoin to remain a viable currency at that point? At least that's what the founder must have had in mind. Given that, was the idea that everyone would just provide hashpower for free in order to participate in the community of bitcoin when there were no more coins to be mined? Sorry if that's a stupid question.

Yeah, at that point you mine for fees.

Today you earn new coins + transaction fees. Once all coins have been created, the "new coins" will be zero. So transaction fees are then 100% of your earnings from mining.