Re:Bitcoin Mining’s Three Body Problem
by iancoleman on Tuesday June 02, 2020 @09:01PM
(#23398503)
> The millions per day paid to Ethereum miners will stop being paid, forever.
Do you mean paid _by_ Ethereum miners?
The network pays miners rewards (which will continue under proof of stake, ie the cost _to the network_). The miners pay the cost of running their mining (eg electricity and hardware costs), which is what will be reduced by proof of stake.
Do you mean paid _by_ Ethereum miners?
The network pays miners rewards (which will continue under proof of stake, ie the cost _to the network_). The miners pay the cost of running their mining (eg electricity and hardware costs), which is what will be reduced by proof of stake.
Am I understanding this correctly?