Bitcoin Forum
May 10, 2024, 02:27:09 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How does a transaction fee guarantee faster transaction times?  (Read 1156 times)
gigabytecoin (OP)
Sr. Member
****
Offline Offline

Activity: 280
Merit: 252


View Profile
April 19, 2011, 10:45:10 AM
 #1

How does a transaction fee guarantee faster transaction times?

If I set a transaction fee of 10.00 BTC and make a transaction... don't I have to wait ~10minutes like everybody else for my block to be hashed?

What is the advantage of paying a transaction fee?
1715308029
Hero Member
*
Offline Offline

Posts: 1715308029

View Profile Personal Message (Offline)

Ignore
1715308029
Reply with quote  #2

1715308029
Report to moderator
1715308029
Hero Member
*
Offline Offline

Posts: 1715308029

View Profile Personal Message (Offline)

Ignore
1715308029
Reply with quote  #2

1715308029
Report to moderator
1715308029
Hero Member
*
Offline Offline

Posts: 1715308029

View Profile Personal Message (Offline)

Ignore
1715308029
Reply with quote  #2

1715308029
Report to moderator
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715308029
Hero Member
*
Offline Offline

Posts: 1715308029

View Profile Personal Message (Offline)

Ignore
1715308029
Reply with quote  #2

1715308029
Report to moderator
eMansipater
Sr. Member
****
Offline Offline

Activity: 294
Merit: 273



View Profile WWW
April 19, 2011, 11:34:45 AM
 #2

Great questions like these should be on their own dedicated Q&A site.  Go there now and help select sample questions!

/end plug

If you found my post helpful, feel free to send a small tip to 1QGukeKbBQbXHtV6LgkQa977LJ3YHXXW8B
Visit the BitCoin Q&A Site to ask questions or share knowledge.
0.009 BTC too confusing?  Use mBTC instead!  Details at www.em-bit.org or visit the project thread to help make Bitcoin prices more human-friendly.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!