How many bitcoins are generated thru transaction fees?

iluvpie60

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Quote from: rdnkjdi on August 14, 2014, 08:37:49 PM

I'm interested in knowing how many bitcoins miners harvest for transaction fees ... week/day/year is fine if I can also figure out the # and avg transaction amount. I know this info has to have been studied before. Can anybody point me somewhere?

It depends. Sometimes it is 0 for fees other times it is like .3 btc total sometimes it can be higher and it most likely averages .1 or a little less btc in transaction fees per block.

If you look at blockchain.info it and click on the blocks you can see the transaction fee.

www.blockchain.info

Coef

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Quote from: dhenson on August 14, 2014, 08:43:13 PM

It's been averaging between 11 and 13 btc/day in fees for a while now.

https://blockchain.info/charts/transaction-fees?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Another interesting chart would be the third chart on https://btc.blockr.io/charts

Right now, the block reward is 25 btc while the average block tx fee is somewhere around 0.07 btc (less than 0.3% of block reward).

ranochigo

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Quote from: Kayex on August 14, 2014, 08:51:40 PM

Quote from: dhenson on August 14, 2014, 08:43:13 PM

It's been averaging between 11 and 13 btc/day in fees for a while now.

https://blockchain.info/charts/transaction-fees?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Do the fees for the transactions just disappear?
Do they go back into blocks of BTC?
What happens to the transaction fees. o.o

The transaction fees will be added to the sum of money the miner receive for mining that block. The transaction fee coin is just like any other coin, they will continue to circulate among the users. The transaction fees can be kept by a pool, if you are using a pool or distributed among the users. If you solo mine, you will get all the BTC generated and the transaction fees. Transaction fees coin are coin that were mined long ago and circulated around, the generated coin is the coin that is newly generated. The transaction fees do not go back to the block of BTC but to the person who found that block. Transaction fees can be sent like any other BTC.

lynn_402

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On https://blockchain.info/, you can see the amount of fees that were paid in every block.

Like that one: https://blockchain.info/block-index/457161/0000000000000000333cd63aa28c3c7bcc2af9f2a0907e8587756516b60b0298 where you can see that miners received 87mBTC from it.

dhenson

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Quote from: Kayex on August 14, 2014, 08:51:40 PM

Do the fees for the transactions just disappear?
Do they go back into blocks of BTC?
What happens to the transaction fees. o.o

The miner that was lucky enough to mine the block includes a special transaction paying himself the block reward (currently 25 btc) and also gets the fees. Often it is a pool that mines the block so the fees are either kept by the operator of the pool, or distributed fairly to the miners that contributed. Different pools have different rules regarding fees.

Kayex

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Quote from: dhenson on August 14, 2014, 08:43:13 PM

It's been averaging between 11 and 13 btc/day in fees for a while now.

https://blockchain.info/charts/transaction-fees?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Do the fees for the transactions just disappear?
Do they go back into blocks of BTC?
What happens to the transaction fees. o.o

dhenson

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Merit: 1000

It's been averaging between 11 and 13 btc/day in fees for a while now.

https://blockchain.info/charts/transaction-fees?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

rdnkjdi

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I'm interested in knowing how many bitcoins miners harvest for transaction fees ... week/day/year is fine if I can also figure out the # and avg transaction amount. I know this info has to have been studied before. Can anybody point me somewhere?

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