2021-08-16

BSV Blockchain Fees Exceed Block Subsidy

When I looked into cryptomining as a business, the one fear I had was what happens when the block subsidy fades? Fees are very small compared to the block subsidy (the issuance of coins for mining a block). I was excited by the BSV fork of Bitcoin because it was aimed at growing fees by supporting business deevlopment. And now, fees exceeded the block subsidy for the first time. It was only one block so far, but eventually this will be regular. It means BSV is well on its way to generating enough economic activity such that mining will be a sustainable business. It also speaks to the thriving businesses on the chain. This is an historic moment.

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