Post
Topic
Board Bitcoin Discussion
Re: Bitcoin miners worth more than $150M have just been bought up by two firms
by
tippytoes
on 19/03/2021, 21:55:45 UTC
What this news implies is that there are still miners who believe that bitcoin mining is a profitable business. With more miners, let's hope that the transaction fees will improve as well as the duration of every transaction. We need more of them so people will stop complaining about high fees in the regular bitcoin network. Right now, it would take you days to confirm btc transaction if you happen to pay small fee per byte. And that is not very productive in the payment system. Hopefully, in the coming years, we will see an improved btc network charging only small fees at a faster rate.