Miner fees are paid from transaction fees (since mining is quite literally verif... | Hacker News

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		nightski on Sept 24, 2021 \| parent \| context \| favorite \| on: China declares cryptocurrency deals ‘illegal’ Miner fees are paid from transaction fees (since mining is quite literally verifying transactions). You don't lose value for miners being paid.

arcticbull on Sept 24, 2021 [–]

They then have to liquidate the coins to pay for the electricity. This extracts real dollar liquidity from the system and the sell pressure pushes down prices.

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