Re: Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
⭐ Merited by nutildah (2)
Has everyone heard the news? I believe the leanest month will get a leaner month sooner or later for less-efficient miners.
so does that mean transaction fees are going up or down? that's all i care about.
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That has nothing to do with how high or low fees are. Fees go up or down depending on network demand. But what actually more cost-efficient miners mean during the current period of "low profitability" in Bitcoin mining is, it will be harder for the less-efficient miners to profit or to break-even. They will either need to turn off their mining farms or migrate to a region where they could mine using cheaper electricity.
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Plus your post getting a merit from OP is also laughable.
why would you say that? fees are an important thing to keep under control. unless you want a system where only rich people use it.
This was given to me when I was a newbie, now I'm giving it to you.
