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1  Bitcoin / Bitcoin Discussion / Whats the fee for? on: December 27, 2010, 04:28:51 PM
Hi

I use bitcoin since ~20 minutes and I am generating coins (nothing yet, but I think they will come). In the options there is a fee of 0.01 recommended. I read the FAQ and found no answer, so: whats this fee for?

If I have a fee of 0.01 and I send 100 BTC to someone else, does the one who generates the block of the transaction get 1 BTC (100 * 0.01)? Is my idea right?

Best Regards
Organized
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