Topic: who gets the transaction fees? - page 2. (Read 2371 times)
The fee goes to the miner who mines the block that includes your transaction. The fee is based on the size (in bytes) of the transaction and the age of its inputs (how long ago the coins spent were received).
if I send 1 bitcoin to my friend and I paid 20,000 satosi for the transaction
who gets the transaction fees?
who gets the transaction fees?
I think the owner of blockchain.info if you transfer with blockchain. maybe the fee for maintenance the blockchain. and maintenance the facility of blockchain. cmiiw.
If I send one bitcoin with no transaction fee, because the receiving address needs exactly that amount.
Will the transaction get confirmed, or any amount over the one bitcoin?
Just asking.
well the transaction may get confirmed but it will take a really loooooooooooooooooooooong time. I think it would take 2-3 days at least to get confirmed (if the amount of inputs are quite low, it maybe just a little bit faster)Will the transaction get confirmed, or any amount over the one bitcoin?
Just asking.
in addition to that, AFAIK the older the coins, the faster it will confirm even there is no transaction fee paid.
If I send one bitcoin with no transaction fee, because the receiving address needs exactly that amount.
Will the transaction get confirmed, or any amount over the one bitcoin?
Just asking.
well the transaction may get confirmed but it will take a really loooooooooooooooooooooong time. I think it would take 2-3 days at least to get confirmed (if the amount of inputs are quite low, it maybe just a little bit faster)Will the transaction get confirmed, or any amount over the one bitcoin?
Just asking.
Thanks, I guess it makes more sense to include the fee.
I was thinking that it may never get confirmed then removed from the blockchain, I have had some inputs sent to me that had done just that.
If I send one bitcoin with no transaction fee, because the receiving address needs exactly that amount.
Will the transaction get confirmed, or any amount over the one bitcoin?
Just asking.
well the transaction may get confirmed but it will take a really loooooooooooooooooooooong time. I think it would take 2-3 days at least to get confirmed (if the amount of inputs are quite low, it maybe just a little bit faster) Will the transaction get confirmed, or any amount over the one bitcoin?
Just asking.
If I send one bitcoin with no transaction fee, because the receiving address needs exactly that amount.
Will the transaction get confirmed, or any amount over the one bitcoin?
Just asking.
Will the transaction get confirmed, or any amount over the one bitcoin?
Just asking.
this is done especially because in the future there will be no more reward for the miners, so their only reward would be the fee
if I send 1 bitcoin to my friend and I paid 20,000 satosi for the transaction
who gets the transaction fees?
who gets the transaction fees?
Not only 20000 Satoshis. If you send 1 BTC also there is ransaction fees for that. Whenever You are transfer bitcoins from one wallet to another wallet Its done through miners only. So for that they will get bitcoins as mining reward.
if I send 1 bitcoin to my friend and I paid 20,000 satosi for the transaction
who gets the transaction fees?
who gets the transaction fees?
You voluntarily provide a transaction fee on your transactions in order to create an incentive for a solo miner (or mining pool operator) to include your transaction in the block they are working on instead of a transaction from someone else that pays a smaller fee.
In exchange for confirming your transaction in their block, the miner receives a block reward. The block reward is the sum of the current block subsidy (25 brand new bitcoins that come into existence) and all the transaction fees paid by all the transactions that the miner chose to include.
Some pool's are nice and share it with miners. There are pools like Antpool where the dev's/company keep it currently and they give just the block reward to miners. but they do have a PPS 2.5 fee only is how they justify.
But some pools are better and share it where you mine. Also there is merged mining where some get some alt's very slowly. I highly recommend reading the individual pools sometime if you have time. It is a good learning experience even if you are not a miner.
if I send 1 bitcoin to my friend and I paid 20,000 satosi for the transaction
who gets the transaction fees?
who gets the transaction fees?
You voluntarily provide a transaction fee on your transactions in order to create an incentive for a solo miner (or mining pool operator) to include your transaction in the block they are working on instead of a transaction from someone else that pays a smaller fee.
In exchange for confirming your transaction in their block, the miner receives a block reward. The block reward is the sum of the current block subsidy (25 brand new bitcoins that come into existence) and all the transaction fees paid by all the transactions that the miner chose to include.
if I send 1 bitcoin to my friend and I paid 20,000 satosi for the transaction
who gets the transaction fees?
who gets the transaction fees?
The miners. They get the block reward + all the transaction fees I think.
if I send 1 bitcoin to my friend and I paid 20,000 satosi for the transaction
who gets the transaction fees?
who gets the transaction fees?
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