Bitcoin Forum
October 17, 2017, 10:05:39 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Mining Spike in December?  (Read 1234 times)
alan2here
Sr. Member
****
Offline Offline

Activity: 425


CarTaxi: The 1st car towing platform on blockchain


View Profile
December 16, 2011, 08:43:02 PM
 #1

Whats the December spike all about?
http://blockchain.info/charts/transaction-fees

  ██  ██  ██ 
██  ██  ██  ██
  ██  ██  ██ 
██  ██  ██  ██
  ██  ██  ██ 









        ███████████
      █████████████████
    ███████████████████████
  ███████████████████████████        ██████
  ████████████████████████████
   ████████████████████        ████████████
      ▀█▀              ▀█▀        ██ ████████████████
    ████████████████████████████████
██████████████████
   ██                                ███████████████████
  ██  ██████████████████████████████████████████████████
     ███████████████████████████████████████████████████
      ███████████████████████████████████████████████████
      ███████████████████████████████████████████████████
       ██████████████████████████████████████████████████
       █████████████████████████████████████████████████
             ██████                          ██████
              ▀██▀                            ▀██▀



███
█████
█████
███████
███████
█████████
███████████
███████████
██████████████
██████████████

.
1508234739
Hero Member
*
Offline Offline

Posts: 1508234739

View Profile Personal Message (Offline)

Ignore
1508234739
Reply with quote  #2

1508234739
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508234739
Hero Member
*
Offline Offline

Posts: 1508234739

View Profile Personal Message (Offline)

Ignore
1508234739
Reply with quote  #2

1508234739
Report to moderator
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
December 16, 2011, 08:45:25 PM
 #2

Whats the December spike all about?
http://blockchain.info/charts/transaction-fees

Fees are so low that 2 wrongly made transactions by someone swamped all regular fees. I think it was 2 transactions with fees of ~42BTC and ~171BTC.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
MaxSan
Sr. Member
****
Offline Offline

Activity: 369


View Profile
December 16, 2011, 08:45:32 PM
 #3

I think someone was trying some kinda new transaction and ended up paying astroinomical fees by accident. one block had 134BTC in it.
Bitcoin 100
Member
**
Offline Offline

Activity: 84



View Profile
December 16, 2011, 08:46:21 PM
 #4

Whats the December spike all about?
http://blockchain.info/charts/transaction-fees

Their mining for Bitcoin100 charities?
alan2here
Sr. Member
****
Offline Offline

Activity: 425


CarTaxi: The 1st car towing platform on blockchain


View Profile
December 16, 2011, 09:02:04 PM
 #5

I thought fees were just a turm for how miners are paid in BTC for mining?

  ██  ██  ██ 
██  ██  ██  ██
  ██  ██  ██ 
██  ██  ██  ██
  ██  ██  ██ 









        ███████████
      █████████████████
    ███████████████████████
  ███████████████████████████        ██████
  ████████████████████████████
   ████████████████████        ████████████
      ▀█▀              ▀█▀        ██ ████████████████
    ████████████████████████████████
██████████████████
   ██                                ███████████████████
  ██  ██████████████████████████████████████████████████
     ███████████████████████████████████████████████████
      ███████████████████████████████████████████████████
      ███████████████████████████████████████████████████
       ██████████████████████████████████████████████████
       █████████████████████████████████████████████████
             ██████                          ██████
              ▀██▀                            ▀██▀



███
█████
█████
███████
███████
█████████
███████████
███████████
██████████████
██████████████

.
splatster
Full Member
***
Offline Offline

Activity: 176



View Profile
December 16, 2011, 09:51:00 PM
 #6

I thought fees were just a turm for how miners are paid in BTC for mining?

When a miner solves a block, they get 50 BTC.
In addition, they get fees paid by those whose transactions are in the block.
When i send someone money, I may include a fee so that my transaction is added to a block sooner rather than later.
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
December 16, 2011, 09:57:09 PM
 #7

I thought fees were just a turm for how miners are paid in BTC for mining?

Miner are paid by subsidies (block reward) & fee.
Currently fees are so low that subsidies (50 BTC per block currently) represents 99.9% of miner's income.

As block subsidy declines fees will need to represent a larger portion of miner's revenue.
alan2here
Sr. Member
****
Offline Offline

Activity: 425


CarTaxi: The 1st car towing platform on blockchain


View Profile
December 16, 2011, 10:04:26 PM
 #8

So when I move bitcoins around I can pay a fee to speed up the transaction but don't have to. This fee then goes along with the 50BTC to the miner that helped me with the transaction by mining.

So that spike could indicate that somone needed a presumably very large transaction that a large fee would only be a small percent of to go though very quickly. Perhaps part of tranding.

It could ofc be a mistake, a somewhat expensive one.

  ██  ██  ██ 
██  ██  ██  ██
  ██  ██  ██ 
██  ██  ██  ██
  ██  ██  ██ 









        ███████████
      █████████████████
    ███████████████████████
  ███████████████████████████        ██████
  ████████████████████████████
   ████████████████████        ████████████
      ▀█▀              ▀█▀        ██ ████████████████
    ████████████████████████████████
██████████████████
   ██                                ███████████████████
  ██  ██████████████████████████████████████████████████
     ███████████████████████████████████████████████████
      ███████████████████████████████████████████████████
      ███████████████████████████████████████████████████
       ██████████████████████████████████████████████████
       █████████████████████████████████████████████████
             ██████                          ██████
              ▀██▀                            ▀██▀



███
█████
█████
███████
███████
█████████
███████████
███████████
██████████████
██████████████

.
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
December 16, 2011, 10:06:16 PM
 #9

So when I move bitcoins around I can pay a fee to speed up the transaction but don't have to. This fee then goes along with the 50BTC to the miner that helped me with the transaction by mining.

So that spike could indicate that somone needed a presumably very large transaction that a large fee would only be a small percent of to go though very quickly. Perhaps part of tranding.

It could ofc be a mistake, a somewhat expensive one.

It is definitely a mistake, the transaction was not very large and even a small fee nearly guarantees entry into the next block right now.

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

Activity: 1050


View Profile
December 16, 2011, 10:09:47 PM
 #10

So when I move bitcoins around I can pay a fee to speed up the transaction but don't have to. This fee then goes along with the 50BTC to the miner that helped me with the transaction by mining.

So that spike could indicate that somone needed a presumably very large transaction that a large fee would only be a small percent of to go though very quickly. Perhaps part of tranding.

It could ofc be a mistake, a somewhat expensive one.
It's a mistake, there were some threads about these fees and the unlucky person that paid them  Cheesy
RandyFolds
Sr. Member
****
Offline Offline

Activity: 448



View Profile
December 16, 2011, 10:38:11 PM
 #11

So when I move bitcoins around I can pay a fee to speed up the transaction but don't have to. This fee then goes along with the 50BTC to the miner that helped me with the transaction by mining.

So that spike could indicate that somone needed a presumably very large transaction that a large fee would only be a small percent of to go though very quickly. Perhaps part of tranding.

It could ofc be a mistake, a somewhat expensive one.

It is definitely a mistake, the transaction was not very large and even a small fee nearly guarantees entry into the next block right now.

Some pools don't pick up no-fee transactions though, so it can take a while. I just pay a fee...I've got a nickel on bitcoin's success any day.
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!