Linked Questions

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1answer
1k views

Where do bitcoin transaction fees go [duplicate]

I have 2 wallets, and was about to send bitcoins from 1 wallet to another. I noticed that I had to pay a fee of 0.0001BTC. Where does that fee go? One of my wallets was created using bitcoin-qt and ...
0
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1answer
1k views

who gets the transaction fees? [duplicate]

i heard that miner who get bitcoin first gets transaction fees. Then who gets the transaction fee right when mine at mining pool? The miner or The pool?
0
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1answer
222 views

When / how frequently do miners get paid for transaction fees? [duplicate]

When or how frequently do miners get paid for transaction fees?
1
vote
0answers
335 views

who gets bitcoin transaction fees and how much are they worth, in general? [duplicate]

Antpool says it keeps transaction fees to give to their engineers. How much does amount to, in general? Is it the 50 bitcoins or whatever it is? Or is it a different amount?
-1
votes
1answer
145 views

I am curious about that where will the transaction fees go to finally? [duplicate]

Version 0.8.1's lowest fee is 0.0005. Now the version 0.8.3's lowest fee is 0.0001. 1 million transaction would cost nearly 100 BTC. They can't just disappear. Where are they?
1
vote
1answer
106 views

Who do i see the commissions taken by miners? [duplicate]

I'm a bit confused by the commissions. My understanding is there should be none in Bitcoin. But a friend of mine told me miners get a cut. What does this mean? I want to learn how much commission I ...
-1
votes
1answer
128 views

miner gets the right to get 0.05% as tramsacton fee when the coin trensfered [duplicate]

miner gets the right to get 0.05% as transacton fee when the coin trensfered. But, if i start mining at the mining pool, who gets 0.05% of transaction fee? the pool? or me?
-4
votes
1answer
80 views

Question about mining algo [duplicate]

Lets say mining block is generated in 18:00, next block is generated after 10 minutes in 18:10 by user GENERATOR_18_10 As I understand, all transaction fees (for transactions included in 18:10) will ...
-2
votes
1answer
72 views

What are transaction fees [duplicate]

I would like to know what transaction fees are for, what they represent and how does one make money on these transactions?
6
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6answers
4k views

Is it possible to spam the bitcoin network with 'dust'?

Someone could buy or mine bitcoins, and send them in small transactions all day to spam the blockchain. Is this possible? And could this mean the end of the trust people have in bitcoin? edit: And ...
1
vote
1answer
966 views

Reward system bitcoin

I'm not entirely sure how the reward system in Bitcoin works. So, every 10 minutes a block is solved and 25 bitcoins are rewarded to a miner (or group). This happens in proportion to the amount of ...
2
votes
1answer
1k views

bitcoind sendfrom with minconf=0

Is it possible using bitcoind JSON-RPC API to receive funds from someone and send it immediately to another third-party address? I do not want to wait for 1 confirmation. getbalance with minconf=0 ...
11
votes
2answers
503 views

Are any miners still considering priority in their transaction selection?

A new answer on Who gets Bitcoin transaction fees? has spawned discussion on the paradigm shift from selection by priority (= coin age × spent value) to selection by fee rate (= fee / transaction size)...
1
vote
3answers
320 views

How can transaction fees be explained in a simple way?

I am reading the book Mastering Bitcoins 2nd Edition by O'Reilly, and it says: Alice buys a coffee from Bob's Cafe for $1.50, or 0.015 Bitcoin So Alice pays 0.015 Bitcoin, and Bob gets 0.015 Bitcoin,...
3
votes
1answer
252 views

Why does Bitcoin charge per transaction?

The first time I heard about Bitcoin, someone told me that it's almost free to transfer bitcoins to other people. However, I found something called "cost per transaction." Why does the Bitcoin network ...

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