The fees are designed to give miners a reason to process your transaction. It costs money to mine, why should they do it for free?
Right now, the block reward is much more than the transaction fees, but that will change as the block reward goes to 0. Eventually, the only reason that miners will process transactions will be for the transaction fees.
Topic: What are the fees for - page 2. (Read 1110 times)
about what fees you are talking about?
He is talking about miners/tx fees.
Hi all
Can someone tell me why i have to pay fees when making a transaction?
What are they for?
And how much should they be??
Can someone tell me why i have to pay fees when making a transaction?
What are they for?
And how much should they be??
They are to "reward" the miners, and the should be from 0.0005 - 0. The more you pay the faster your transaction confirms.
about what fees you are talking about?
Hi all
Can someone tell me why i have to pay fees when making a transaction?
What are they for?
And how much should they be??
Can someone tell me why i have to pay fees when making a transaction?
What are they for?
And how much should they be??
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