GeishaGrace
Thu Jul 11 2024
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7 answers
1529
Will mining fees increase if bitcoin reaches its limit?
With Bitcoin's supply capped at 21 million coins, one might naturally question the impact this limit will have on mining fees. Will miners be incentivized to continue their operations once the block reward diminishes? Could this result in an increase in mining fees to compensate for the lower block reward? Will this increase be gradual or sudden? And how will it affect the overall health and sustainability of the Bitcoin network? Understanding the dynamics of mining fees in the context of Bitcoin's supply cap is crucial for both miners and investors alike.
