Topic: Transaction fees (Read 7844 times)

Activity: 1708
Merit: 1007
August 09, 2010, 03:50:40 PM
Transaction fees are currently very rare, and cannot be collected by anyone except the computer that solves the block anyway.  The only way to get bitcoins from the system is to 'generate', but the best stragedy, IMHO, is to offer goods or services in exchange for bitcoins already in circulation.

sr. member
Activity: 294
Merit: 252
Firstbits: 1duzy
August 09, 2010, 03:44:49 PM
It's the same process.

If you can find a 'winning' block, you get 50 BTC + whatever transaction fees apply to the transactions in that block.

Turning on "Generate Coins" in the GUI enables block hashing.
Activity: 1658
Merit: 1001
August 09, 2010, 03:06:14 PM
Minting bitcoins is becoming more and more difficult, so calculating transactions might become more profitable. My question is how this works. Do you still need to have "Generate Coins" active, or is it better to have it off and give priority to calculating transactions (with the hope that one has some extra coins in there)?

What is the best strategy?
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