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by tromp
1467 days ago
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The average amount of total tx fees per block in the third week of April was about 0.06 BTC [1], 2 orders of magnitude lower than the 6.25BTC block subsidy. Note that a 51% attacker is free to time their attack to periods of low tx fees. Since then the average has climbed to about 0.15 BTC per block, but that is still a far cry from the 1BTC you claim. > use them for another coin There are no other coins that can absorb that much SHA256 hashing power.
The best candidate is Bitcoin Cash, whose daily dollar issuance is about 170 times lower [2]. [1] https://www.blockchain.com/charts/transaction-fees [2] https://www.f2pool.com/coins |
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But in 2139 the reward will be tiny, so it's better to worry sooner. A reduction from 6BTC to 0.06BTC is /100, that is like 8 halvings, that is like 32 year. Anyway, in 32 years the the current ASICs will be obsolete, broken or something.