Quote from: Apocollapse on July 10, 2024, 05:31:12 AM

I wonder how much exactly the miners spend to mine Bitcoin and verifying the transactions, then how much they actually earn from that, so we can get better illustration what he said is true or not.

It's pretty simple:
1) Go here and find out the price of a miner as well as its hashrate and consumption:
https://shop.bitmain.com/?coin=BTC%2FBCH%2FBSV
2) Current income is 4.8 cents per th/s
https://www.viabtc.com/tools/calculator

Do the math on your power cost and how much you would earn! What would be easier? Wink

Quote from: SquirrelJulietGarden on July 10, 2024, 04:08:25 AM

Assuming that in future, Bitcoin continues its adoption and price growth, with higher price of Bitcoin, transaction fee will become higher with same fee rate.

So tell me, just because 100 more people use Visa than let's say American Express, you're going to pay 100 more in fees for that card instead of an AE one? Also if Nvidia shares went up 10x and Mirsoft only 2x, would you pay your broker 5 times the fees when you sell $1000 them? Grin

When BTC reaches 1million , you're going to be ok with paying a $1000 fee to order a $20 pizza? Grin

Just because the price of BTC has increased?