What incentivize miners to keep mining if they start not earning profit from mining?
To my understanding, the incentives for miners are the block rewards and the transaction fees. However, with the halving period approaching and with the recent price drop of bitcoin, this would greatly reduce the profit for the miners. They may even lose money for mining. When this happens, what keeps them mining? Wouldn’t miners leave the network (stop mining) and lead to weaker network?
Get started today
Already have an account? Sign In