Originally posted by dxmnkd316
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"Miners receive both a block subsidy (newly minted bitcoin) and transaction fees for ordering transactions into blocks. This means they are incentivized to prioritize the transaction with the highest fees. During times of high network congestion, where a large number of users want to transact, the transactions with the highest fees are more likely to be included in the next block."
Once the newly minted subsidy goes away, the "miners" will be limited to collecting transaction fees, which are effectively always at auction pricing - how valuable is transaction speed to the payer? If payers stop offering transaction fees that are sufficient to cover the cost of the server farm (and the energy to run it), then the whole thing will go bankrupt.
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