Transaction fees slightly tip the balance from transactors to hodlers.
> let's say it costs $1000 to set up a PoW mining rig
Setting it up does nothing. You have to pay the ongoing electricity bill, which most miners do by selling a substantial fraction of their mined coins.
Transaction fees slightly tip the balance from transactors to hodlers.
> let's say it costs $1000 to set up a PoW mining rig
Setting it up does nothing. You have to pay the ongoing electricity bill, which most miners do by selling a substantial fraction of their mined coins.