Bitcoin Forum

Other => Beginners & Help => Topic started by: RedGummyBear on July 02, 2014, 12:10:26 AM



Title: who gets the TX fees when i send BTC?
Post by: RedGummyBear on July 02, 2014, 12:10:26 AM
When i send BTC i have to pay a transaction Fee who gets it and Why?


Title: Re: who gets the TX fees when i send BTC?
Post by: DannyHamilton on July 02, 2014, 12:59:41 AM
When i send BTC i have to pay a transaction Fee who gets it and Why?

The solo-miner (or mining pool) that confirms your transaction into the blockchain gets to claim the transaction fee for providing you this service.


Title: Re: who gets the TX fees when i send BTC?
Post by: C.Steven on July 02, 2014, 08:44:49 AM
When i send BTC i have to pay a transaction Fee who gets it and Why?

The solo-miner (or mining pool) that confirms your transaction into the blockchain gets to claim the transaction fee for providing you this service.


Another perfect answer from DM.


In the design, bitcoin block reward will be halved every 210000 blocks (about 4 years), and will be zero (in about 2140).
So, the tx fee will be more and more important, and eventually it will be the only incentive to get people mining bitcoin blocks.



Title: Re: who gets the TX fees when i send BTC?
Post by: Hexcoin on July 02, 2014, 09:42:04 AM
the node that process your transaction gets that tx fees


Title: Re: who gets the TX fees when i send BTC?
Post by: Buziss on July 02, 2014, 10:16:08 AM
the node that process your transaction gets that tx fees

Not really.
Every full nodes in the network "process" your transaction, but there are absolutely no financial incentive at all.