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Author Topic: Quick question regarding transaction fees  (Read 619 times)
Pangia (OP)
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February 05, 2014, 04:46:25 PM
 #1

When a cryptocurrency is all mined out, will miners then charge for each transaction?

Specifically, in the case of Bitcoin, when all coins are mined, how much will each person have to pay to perform a transaction on the network?

Thanks in advance for your input.


 
 
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BurtW
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February 06, 2014, 01:27:21 AM
 #2

When a cryptocurrency is all mined out, will miners then charge for each transaction?
Long before the last Satoshi is mined they will probably be charging for almost every transaction.

Specifically, in the case of Bitcoin, when all coins are mined, how much will each person have to pay to perform a transaction on the network?

Thanks in advance for your input.
It is expected that a market will develop where you will pay more for faster delivery and less if you can wait for your first confimation.  The actual cost is not known, market forces will decide.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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