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Big payout on transaction fees.
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Topic: Big payout on transaction fees. (Read 1198 times)
mogrith
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Big payout on transaction fees.
October 13, 2013, 06:48:32 PM
#1
http://blockchain.info/block-height/263392
I have some GH/s on cex.io and saw an unusual payout on a block ~32.67BTC
As you can see from the blockchain 7.67229222 BTC from transaction fees.
So in the future as more and more BTC are being used and block rewards have been reduced will the payback from mining be more from the TX fess than the block reward? If millions (billions?) of dollars are moving everyday each block could be worth a lot.
Merge mine BLC+PHO+ELT+
XDQ
+BBTC+UMO+LIT pool is open
http://la1.blakecoin.com
tips: 1MogRiTHpQZ7bkpq49cSVWADrTt7Jrghp
leancuisine
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Re: Big payout on transaction fees.
October 13, 2013, 06:54:08 PM
#2
If you look at
https://blockchain.info/block-index/426012/000000000000000f96d5fafd5231fcc46cbc6357c9e80589dd43898bbf7e032e
there is one transaction with a fee of 7.6 BTC, with a size of 25820 bytes. That must be why the transaction fees earned in this block was so large.
Transaction:
https://blockchain.info/tx/e5fe246846c49d40f3e47bd54806c86a101d6ea6b05c9d473b0e59dedf101739
All other transactions (142) only earned 0.07 BTC in fees.
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onate
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dserrano5
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Re: Big payout on transaction fees.
October 13, 2013, 07:28:31 PM
#3
Quote from: mogrith on October 13, 2013, 06:48:32 PM
So in the future as more and more BTC are being used and block rewards have been reduced will the payback from mining be more from the TX fess than the block reward? If millions (billions?) of dollars are moving everyday each block could be worth a lot.
Yes, that's exactly how it was planned from the beginning. Isn't satoshi a genius?
mogrith
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Re: Big payout on transaction fees.
October 13, 2013, 07:29:10 PM
#4
Ok so that looks like a whole lot of little transactions into one wallet It was for about 610
BTC
total. I think that is kind of unusual and will not become common even if millions of people start using bitcoins.
Merge mine BLC+PHO+ELT+
XDQ
+BBTC+UMO+LIT pool is open
http://la1.blakecoin.com
tips: 1MogRiTHpQZ7bkpq49cSVWADrTt7Jrghp
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