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Author Topic: Who gets the miners fee?  (Read 1221 times)
Dagwanoenyent
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February 25, 2016, 06:50:56 PM
 #21


 I paid 0.0001 miners fee like suggested.

 It took 625 minutes (10 hours 25 minutes!) for it to reach where it should.
Is this problem related with block time, 10 minutes is long time?
How this can be fixed?
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February 25, 2016, 08:08:19 PM
 #22


 Now before you say 'duh miners of course' , I would like to ask , when people mine , they get what? 12.5 bitcoins per block? 25 btc? whatever , they get something from the 'unmined bitcoins' part .

 Why do we also have to pay them certain amount to send something to other people? If we have to pay something for the sake of involving in a technical detail which I am too far away of understanding , why are we not paying just 1 satoshi?

 Considering all the transactions everyday all day , miners probably started to make more money from miners fee rather then mining unmined coins. 4 cent could be little for one person but when all combined in everywhere , it is huge.

Currently the miners get:

  • 25 BTC from inflation
  • Total transaction fees divided by hash power

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February 26, 2016, 01:25:48 AM
 #23

The person who mines the block gets the fees. Some pools who mine the block however, will not give their miners the fee, and keep it to themself. They will only share the coinbase with the miners.

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February 26, 2016, 02:03:10 AM
 #24

The person who mines the block gets the fees. Some pools who mine the block however, will not give their miners the fee, and keep it to themself. They will only share the coinbase with the miners.

Antpool is the biggest pool out there that does this.  They keep all transactions fee's which would add up being such a huge pool.   F2 gives it out and does merged mining, but there is a higher PPS fee.

So in a way either of those pools kinda get profit just in different way's.   And a pool that does give it out and has gotten more and more popular is Kano's pool.  It has had impressive growth.
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February 26, 2016, 06:08:50 AM
 #25

Its just the variation in time decides the transaction fees. In blockchain.info you can see a separate function which asks which transaction need to be done. Free, paid with limited time access and fast transfer which has little high transaction fees. The miners receive it as a reward.

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