Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: willmcgugan on March 02, 2011, 05:09:41 PM



Title: Where did the transaction fee go?
Post by: willmcgugan on March 02, 2011, 05:09:41 PM
Hi,

I read the "option transaction fee" topic, so now understand what the transaction fee is for. But what I'd like to know is who gets the transaction fee?

One of the first things I did was to test the Bitcoin software by sending myself 0.02. I started with 0.05, sent myself 0.02 and ended up with a total of 0.04. So who pocketed 20% of my bitcoin savings? :P

Will


Title: Re: Where did the transaction fee go?
Post by: Neereus on March 02, 2011, 05:11:36 PM
It goes to the one who created the block your transaction was added to.

Edit: A block - https://en.bitcoin.it/wiki/Block


Title: Re: Where did the transaction fee go?
Post by: FreeMoney on March 02, 2011, 06:23:50 PM
Did you manually turn the fee on? Right now no fee is usually required.

Like Neereus said it goes to the person who was able to include your transaction in a valid block.


Title: Re: Where did the transaction fee go?
Post by: theymos on March 02, 2011, 09:06:39 PM
Here is an example of a block with a fee:
http://blockexplorer.com/b/73261

Notice that the generation transaction has a output above 50 BTC. The extra BTC comes from fees.
http://blockexplorer.com/t/9F6NPZ5WKW