Author

Topic: Bitcoin Fees (Read 689 times)

legendary
Activity: 1582
Merit: 1002
May 02, 2013, 03:22:14 PM
#3
Bitcoin exchange rate expected to grow, so these tiny amounts may be worth even more than 25 BTC today.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
May 02, 2013, 03:21:31 PM
#2
Simply, there will be much more transactions per block, so even with the current fees, the reward will be high enough  Wink
sr. member
Activity: 364
Merit: 250
May 02, 2013, 03:18:25 PM
#1
We all know the current fees for Bitcoin transactions are very cheap, but how much do you think the fees are when there is no more block reward?
Currently the fees are only a fraction of the reward for miners, but in the days when the reward will be low/non-existant the same hardware will be cheaper.
On the other hand will the increase of transaction increase the demand for better hardware, but will also give out more fees.
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