Running a Bitcoin Node - page 3. | Bitcointalksearch.org

Holliday

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Quote from: boliu on February 21, 2014, 12:19:30 PM

was there a change because when I tried to send a transaction out today, Bitcoin - Wallet gave me this

this clearly say the fee goes to the nodes that process the transactions not to the miners, am I misunderstand this?

"Process your transaction" means to include it in a block. Only mining nodes include transactions in blocks. Non-mining nodes can not include them into a block, but they can forward them to a mining node.

whtchocla7e

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Worlds Simplest Cryptocurrency Wallet

Why do nodes not get a cut of the fee? Without them there is no mining.

boliu

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6th BTC reached. Thank you for your support

was there a change because when I tried to send a transaction out today, Bitcoin - Wallet gave me this

this clearly say the fee goes to the nodes that process the transactions not to the miners, am I misunderstand this?

franky1

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Merit: 4534

Quote from: boliu on February 14, 2014, 11:35:01 AM

Just wonder if you run a full node, do you get paid to relay transactions?

I came across

https://blockchain.info/ip-address/1.202.65.29

(Fee: 0.0005 BTC - Size: 226 bytes) 2014-02-14 00:24:03

Is that the fee paid to the node or fee for the transaction that's added to the block?

anyone running the bitcoin-qt client is a node. (users)
when doing transactions the fee goes to miners.
the miners or when solving a block get a standard reward (currently 25btc) and the total of the transaction fee's of all transactions in that block.
if your in a mining pool that reward and fee total gets spread out with all the miners in the pool shared fairly depending on the hashrate(speed) of the miner.

e4xit

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Quote from: boliu on February 14, 2014, 11:35:01 AM

Just wonder if you run a full node, do you get paid to relay transactions?

I came across

https://blockchain.info/ip-address/1.202.65.29

(Fee: 0.0005 BTC - Size: 226 bytes) 2014-02-14 00:24:03

Is that the fee paid to the node or fee for the transaction that's added to the block?

There are two seperate (but possibly interlinked) processes; Running a node and Mining.

Running a node only relays transactions throughout the network (and uploads the blockchain to peers).

Mining requires computationally expensive cryptographic work be undertaken (by a CPU, GPU, ASIC or other device). The function of this is to secure the network by "auditing" transctions (preventing double spends etc). This 'expensive' work is rewarded by "newly minted" bitcoins and transaction fees.

Note that to Mine (usually) requires you to be running a full node, although this is not necessarily the case for some mining pools).

Getting paid to relay tx has been discussed here before, Im sure if you do a google custom search (or forum search) you will find reference to those conversations.

Lauda

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Terminated.

Nodes do not get fees, miners do.

boliu

sr. member

Activity: 267

Merit: 250

6th BTC reached. Thank you for your support

Just wonder if you run a full node, do you get paid to relay transactions?

I came across

https://blockchain.info/ip-address/1.202.65.29

(Fee: 0.0005 BTC - Size: 226 bytes) 2014-02-14 00:24:03

Is that the fee paid to the node or fee for the transaction that's added to the block?

Topic: Running a Bitcoin Node - page 3. (Read 5604 times)