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Author Topic: How can you make money (bitcoins) from the transaction fees?  (Read 3116 times)
btcgolong
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August 20, 2011, 02:39:37 AM
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How do you collect the fee? I know the fees are extremely tiny right now, but what is going to make the fees increase as to were they can make an impact? How does the common bitcoin miner/user benefit from the fees?
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August 20, 2011, 02:47:56 AM
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unless a pool is sharing these fees with their members a common miner doesn't benefit from them at all, unless you solo mining then along with standard network reward you get to collect transaction fees. i don't even know to what amount they get now.  later on I assume these fees will make significant portion of miner's reward
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August 20, 2011, 02:52:56 AM
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So when a pool solves a block and earns say 50.24 BTC... they still only distribute 50 BTC to the miners?

Is that the standard way of operating a pool?

Any pools out there that also share the fees?

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August 20, 2011, 03:00:11 AM
 #4

So when a pool solves a block and earns say 50.24 BTC... they still only distribute 50 BTC to the miners?

Is that the standard way of operating a pool?

Any pools out there that also share the fees?

Yes, keeping the fees is the common behaviour: https://en.bitcoin.it/wiki/Comparison_of_mining_pools

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
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August 20, 2011, 03:01:12 AM
 #5

ozco.in shares the fees.

Bitvolcano YAC, BBQ and WDC P2Pools at http://bitvolcano.com
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