It is believed that Bitcoin halving is an event that happens every four years in the crypto industry where the block rewards that miners benefits from mining Bitcoin are cut half and Bitcoin eventually becomes scarce with the demand increasing and inflation is being addressed because it's part of the concept of the halving event. Since Miners rewards is being cut half during the halving, do they still continue in the number they were before the halving?
I also had the same thought that miners might leave mining due to the high competition and less reward and less chance of getting the block reward but after seeing the post of
Oshosondy I realized that miners are making more money than before, as you can see in his post that the block reward is 3.125 while the total BTC reward to the miners in the mentioned block is 40.75 BTC, which is just awesome and shocking too. I mean if miners are making more money due to the fee then why would they leave the mining work instead they will do it more and the miners will increase in numbers.
But yeah who knows the true nature of reward as its halving period and due to NFTs issue of runes protocols, the fee is more than $100 and people are willingly paying it which also giving me the vibe that these people fear more increment in the fee of single BTC tx. I guess they think they are still saving some bucks, well whatever the reason is, I suggest everyone to not pay such huge amount to make one transaction.