Bitcoin Forum
July 28, 2017, 07:04:37 AM *
News: BIP91 seems stable: there's probably only slightly increased risk of confirmations disappearing. You should still prepare for Aug 1.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Where did the transaction fee go?  (Read 1506 times)
willmcgugan
Newbie
*
Offline Offline

Activity: 3


View Profile
March 02, 2011, 05:09:41 PM
 #1

Hi,

I read the "option transaction fee" topic, so now understand what the transaction fee is for. But what I'd like to know is who gets the transaction fee?

One of the first things I did was to test the Bitcoin software by sending myself 0.02. I started with 0.05, sent myself 0.02 and ended up with a total of 0.04. So who pocketed 20% of my bitcoin savings? Tongue

Will
1501225477
Hero Member
*
Offline Offline

Posts: 1501225477

View Profile Personal Message (Offline)

Ignore
1501225477
Reply with quote  #2

1501225477
Report to moderator
1501225477
Hero Member
*
Offline Offline

Posts: 1501225477

View Profile Personal Message (Offline)

Ignore
1501225477
Reply with quote  #2

1501225477
Report to moderator
1501225477
Hero Member
*
Offline Offline

Posts: 1501225477

View Profile Personal Message (Offline)

Ignore
1501225477
Reply with quote  #2

1501225477
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1501225477
Hero Member
*
Offline Offline

Posts: 1501225477

View Profile Personal Message (Offline)

Ignore
1501225477
Reply with quote  #2

1501225477
Report to moderator
1501225477
Hero Member
*
Offline Offline

Posts: 1501225477

View Profile Personal Message (Offline)

Ignore
1501225477
Reply with quote  #2

1501225477
Report to moderator
Neereus
Newbie
*
Offline Offline

Activity: 28


View Profile
March 02, 2011, 05:11:36 PM
 #2

It goes to the one who created the block your transaction was added to.

Edit: A block - https://en.bitcoin.it/wiki/Block

Donate (even 0.01 BTC) to my Robot Fund:
18jXUmXEz3c8Ji3SqZMwGE6PYY3V7qyQ86
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
March 02, 2011, 06:23:50 PM
 #3

Did you manually turn the fee on? Right now no fee is usually required.

Like Neereus said it goes to the person who was able to include your transaction in a valid block.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
theymos
Administrator
Legendary
*
Offline Offline

Activity: 2730


View Profile
March 02, 2011, 09:06:39 PM
 #4

Here is an example of a block with a fee:
http://blockexplorer.com/b/73261

Notice that the generation transaction has a output above 50 BTC. The extra BTC comes from fees.
http://blockexplorer.com/t/9F6NPZ5WKW

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!