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willmcgugan (OP)
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March 02, 2011, 05:09:41 PM
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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

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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Neereus
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March 02, 2011, 05:11:36 PM
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It goes to the one who created the block your transaction was added to.

Edit: A block - https://en.bitcoin.it/wiki/Block
FreeMoney
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March 02, 2011, 06:23:50 PM
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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.
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March 02, 2011, 09:06:39 PM
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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
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