Just a question about the various alt coins and their fees. So I have some bitgem I want to send. The blocks are 10 min apart and I want to send them a little faster. So I add a fee via options. Will this make my confirmations go without waiting for a block? Does that money go to the people processing it? Or is this not at all how it works? I just want to know if adding a fee will actually speed up confirmations and where the funds go. looking specifically for ppcoin/novacoin fees if they differ, which is what bitgem is based off of
Fees can speed up the confirmations but only when miners decide to prioritize transactions with fee. For large networks like BTC, a little bit of fee can go a long way, but alt-coin networks seem to treat all transactions equally so far, just not enough volume to start prioritizing.