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Author Topic: How much dust in a block?  (Read 955 times)
Cranky4u (OP)
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August 14, 2014, 02:35:28 AM
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Just curious, is there anyway to find out how much dust (transaction fees) are obtained when a block is found?

Weighing up how much a solo Jally might uncover. I know the odds of finding a block with a Jally are tiny but I wonder what the rewards would be besides the 25BTC for the block itself.   Grin

DannyHamilton
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August 14, 2014, 02:46:26 AM
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Just curious, is there anyway to find out how much dust (transaction fees) are obtained when a block is found?

"Dust" and transaction fees are two different things.

"Dust" is something that a wallet acquires when you receive a very large number of extremely small value transactions.

Transaction fees are something that you pay to the miner to provide an incentive for them to confirm your transaction in the block that they solve.

You can look at the block in a block explorer to see how many transaction fees were included in the block.

Weighing up how much a solo Jally might uncover. I know the odds of finding a block with a Jally are tiny but I wonder what the rewards would be besides the 25BTC for the block itself.   Grin

According to this chart:
https://blockchain.info/charts/transaction-fees?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

There are between 8 BTC and 13 BTC in transaction fees per day.  With approximately 144 blocks solved per day, that would seem to imply that the average block includes between 0.05555556 BTC and 0.09027778 BTC in fees.
Cranky4u (OP)
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August 14, 2014, 03:10:30 AM
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Thnx for the great answer.

Kprawn
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August 14, 2014, 03:55:18 PM
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Just curious, is there anyway to find out how much dust (transaction fees) are obtained when a block is found?

"Dust" and transaction fees are two different things.

"Dust" is something that a wallet acquires when you receive a very large number of extremely small value transactions.

Transaction fees are something that you pay to the miner to provide an incentive for them to confirm your transaction in the block that they solve.

You can look at the block in a block explorer to see how many transaction fees were included in the block.

Weighing up how much a solo Jally might uncover. I know the odds of finding a block with a Jally are tiny but I wonder what the rewards would be besides the 25BTC for the block itself.   Grin

According to this chart:
https://blockchain.info/charts/transaction-fees?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

There are between 8 BTC and 13 BTC in transaction fees per day.  With approximately 144 blocks solved per day, that would seem to imply that the average block includes between 0.05555556 BTC and 0.09027778 BTC in fees.

Wow excellent answer, thanks for the detail. I actually thought the transaction fees was more, that is why I made a suggestion in another thread, to take some of these fees, to pay for people running a "full node" but for that to happen, fees would have to be increased.

I would have to re-think that idea.

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