Re:Bitcoin breaks above $20k
by fidelramos on Wednesday December 16, 2020 @01:11PM
(#25445994)
Not just the block reward, Bitcoin miners also receive the sum of the fees of the transactions included on each block. The idea with the progressively diminishing block reward is that transaction fees will represent a larger share of miners profits as time passes.
The carbon footprint is funded by the block reward which is halved every 4 years until it dwindles to nothing. Progress is slow, but inexorable.