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Results tagged with transaction-fees
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user 11369
Transaction fees are paid to miners by the sender of a transaction. This money rewards miners for the work they do in putting transactions into a specific order and adding them to new blocks to be added to the list of transactions known as the blockchain.
5
votes
Accepted
What is the fee policy suggested by the mainline bitcoin client?
https://en.bitcoin.it/wiki/Transaction_fees
Otherwise, the reference implementation will round up the transaction size to the next thousand bytes and add a fee of 0.1 mBTC (0.0001 BTC) per thousan …
- 2,883
2
votes
Why did I pay 8.7% in miner fees?
It was the suggested fee that your app set, I believe you can also customize fee size on most apps, but the suggested fee is for confirming the transaction ASAP. I believe POS stuff like that doesn't …
- 2,883
1
vote
Why is the transaction fee a multiple of the amount I want to send?
That's the recommended fee, the recommended fee is like the minimum amount to get your transaction included in a block ASAP. You should be able to set fees, but for small amounts like that a fee that …
- 2,883
1
vote
Accepted
Force sender to include transaction fee
They simply do not process transactions they receive without a fee. The sender loses their coins to SatoshiDice if they make this mistake.
- 2,883
-1
votes
Is it possible to add a miner's fee after you send your bitcoins?
The short answer is no but in theory you can with lots of mining power. Some miners may be generous enough to include your low/none fee transaction but lets ramp up the fun.
You can force a modified …
- 2,883
11
votes
Can I earn transaction fees by running as a full node, verifying transactions, but not mining?
Nope, transaction fees of a transaction can only be collected by including it into a valid block. And to be able to include a transaction in a valid block you have to mine a valid block.
- 2,883