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Title: Where do transaction fees go? Post by: sinistral on March 13, 2013, 10:44:54 PM I'm wondering who ends up with the transaction fees for moving from wallet to wallet. Thanks! :)
Title: Re: Where do transaction fees go? Post by: MoonShadow on March 13, 2013, 11:01:09 PM the miner that includes your transaction into a block.
Title: Re: Where do transaction fees go? Post by: BlindMixerDR on March 13, 2013, 11:09:44 PM Transaction fees were planned in bitcoin from the very start. When the block reward (now 25BTC) eventually (in about 100 years) reaches zero, the only miners will have to mine, is because they receive transaction fees. If the value of the fees are very high, it will attract more people to a profitable business so the difficulty will increase and the network will become more secure. If the value of the fees are very low, miners who make a loss will stop mining so the difficulty will reduce and the network will become less secure.
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