Bitcoin Forum
June 20, 2024, 07:02:58 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: who gets the TX fees when i send BTC?  (Read 829 times)
RedGummyBear (OP)
Member
**
Offline Offline

Activity: 84
Merit: 10

♀ ♥


View Profile
July 02, 2014, 12:10:26 AM
 #1

When i send BTC i have to pay a transaction Fee who gets it and Why?

The key to my ♥ has been lost. Call a locksmith
DannyHamilton
Legendary
*
Offline Offline

Activity: 3430
Merit: 4669



View Profile
July 02, 2014, 12:59:41 AM
 #2

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.
C.Steven
Hero Member
*****
Offline Offline

Activity: 633
Merit: 500



View Profile
July 02, 2014, 08:44:49 AM
 #3

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.


Hexcoin
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500



View Profile
July 02, 2014, 09:42:04 AM
 #4

the node that process your transaction gets that tx fees
Buziss
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1000


View Profile
July 02, 2014, 10:16:08 AM
 #5

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.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!