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Topic: How can you make money (bitcoins) from the transaction fees? (Read 4042 times)

sr. member
Activity: 324
Merit: 250
ozco.in shares the fees.
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
So when a pool solves a block and earns say 50.24 BTC... they still only distribute 50 BTC to the miners?

Is that the standard way of operating a pool?

Any pools out there that also share the fees?

Yes, keeping the fees is the common behaviour: https://en.bitcoin.it/wiki/Comparison_of_mining_pools
sr. member
Activity: 266
Merit: 250
So when a pool solves a block and earns say 50.24 BTC... they still only distribute 50 BTC to the miners?

Is that the standard way of operating a pool?

Any pools out there that also share the fees?
legendary
Activity: 1050
Merit: 1000
unless a pool is sharing these fees with their members a common miner doesn't benefit from them at all, unless you solo mining then along with standard network reward you get to collect transaction fees. i don't even know to what amount they get now.  later on I assume these fees will make significant portion of miner's reward
sr. member
Activity: 451
Merit: 269
How do you collect the fee? I know the fees are extremely tiny right now, but what is going to make the fees increase as to were they can make an impact? How does the common bitcoin miner/user benefit from the fees?
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