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?
Its not just about the reward that they are getting from mining Bitcoin, when you make a transaction and you are charged a fee for the transaction youre making, who do you think the money goes to? The fees youre paying for your transactions goes to the miners, so they dont just rely only the money they are getting as rewards for mining cryptocurrency.
I believe that if eventually they dont have to mine Bitcoin any longer, they will start to rely on the fees that are being paid for transactions to make money. And moreover, if thats going to happen, mining companies already knows what they are into and they must be aware of the things that are likely to happen in the future and prepare themselves for it.