Quote from: enterprevic2 on August 27, 2020, 08:06:15 PM

Question regarding the viability of bitcoin in the long term. From my understanding, the security of bitcoin comes from miners who verify the blockchain. What happens when there is so much halving that the reward for mining bitcoin is extremely low and the cost of verifying the blockchain for the miners exceeds the reward of their bitcoin?

It's actually a higher reward for sure the market price is going to increase because of the bitcoin halving, it's true that a lot of miners is quitting but its actually because it hard to earn a profit when you are just a small miner, so only big miner companies are available to survive the bitcoin halving. Investing in bitcoin miner is really risky especially because of the bitcoin halving just like what happened last time. Still, we don't really know what could happen in the future when the bitcoin reaches its supply limit, for sure bitcoin market price going to increase but miners are not going to be profitable anymore.

Quote from: imstillthebest on Today at 01:47:30 PM

Quote from: jekanmasin on Today at 01:24:32 PM

In long term the miner will be earning bitcoin from the fees transaction and at time i think bitcoin will be at high price and more stable. If bitcoin supply has reach it limits i bet it make bitcoin and more valuable as they only can get it from the fees and this will push bitcoin price to the another level..

sounds good for us btc users but does that sound good in the miners ?

so many people who use btc now and much more in the future and fees of btc will also be high if btc price goes better . i guess thats enough for the miners to earn a sufficient income . imagining these things makes me feel excited for the future of btc but before i was scared because i dont have knowledge if what can possibly happen to it

Maybe for now we could totally see or feel the high fee in every transaction and continue to increase when the marketprice is also increasing so I guess its safe to say that miners earn a good amount of profit mining transactions.