The bitcoin Halving, could be more like a 2/3rding to the miners
2 min read
I’m a very small Bitcoin miner and HODLer, and recently I’ve been noticing that a lot of the bitcoin I have been receiving has been from transaction fees.
Bitcoin transaction fees are high because of Ordinals, meaning the halving could be softer for miners.
According to https://whattomine.com/ the average block reward over the last 7 days has been 8.27, so we know that the reward from fees is 8.27-6.25 = 2.02 BTC
Assuming people are willing to pay the same fees after the halving, 2.02 + 3.125 = 5.145 BTC per block, and 5.145/8.27 = 0.62 which is much softer than a halving, but the ordinal market could also grow, causing even more transaction fees.
This is important because it demonstrates that Bitcoin can continue without depending on inflation. Transaction fees will be sufficient to keep Bitcoin decentralized, and strong
A lot of the Bitcoin I have been earning from my personal S19K pro, has been from transaction fees –
Some may argue that ordinals are bad, but I disagree, high fees will promote lightning adoption, and the Bitcoin network will become dependent on people bidding for block space (which is preferred, over inflation) people need the ability to bid for block space in a free and fair market.
submitted by /u/Josef12344
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