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Topic: Bitcoin Fees (Read 676 times)
Birdy
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Bitcoin Fees
May 02, 2013, 08:18:25 PM
#1
We all know the current fees for Bitcoin transactions are very cheap, but how much do you think the fees are when there is no more block reward?
Currently the fees are only a fraction of the reward for miners, but in the days when the reward will be low/non-existant the same hardware will be cheaper.
On the other hand will the increase of transaction increase the demand for better hardware, but will also give out more fees.
Gabi
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Re: Bitcoin Fees
May 02, 2013, 08:21:31 PM
#2
Simply, there will be much more transactions per block, so even with the current fees, the reward will be high enough
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Re: Bitcoin Fees
May 02, 2013, 08:22:14 PM
#3
Bitcoin exchange rate expected to grow, so these tiny amounts may be worth even more than 25 BTC today.
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