Ernanirst (OP)
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December 25, 2014, 05:30:52 AM |
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What encourages companies like Blockchain in development of tools for programmers, for exemple, get bitcoin difficulty, or number of transactions per day....what do they win? I google it, and I found someone saying that blockchain makes money by charging merchants and large transactions at 0.1%. Is that true?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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scarsbergholden
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December 25, 2014, 10:32:27 AM |
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What encourages companies like Blockchain in development of tools for programmers, for exemple, get bitcoin difficulty, or number of transactions per day....what do they win? I google it, and I found someone saying that blockchain makes money by charging merchants and large transactions at 0.1%. Is that true?
If you are referring to sites like blockchain.info (and other block explorers) then it is ad revenue. Blockchain.info displays ads on their main page, the 'explorer' page and in their wallet. I don't believe they sell any kind of service above that. They are however able to sell very targeted advertisements which can generally command higher then average prices |
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wadili89
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December 26, 2014, 12:33:09 PM |
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If you are referring to sites like blockchain.info (and other block explorers) then it is ad revenue.
They also get affiliate type income by sending customers to merchants like gyft. |
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expert4knowledge
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December 26, 2014, 01:06:03 PM |
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What encourages companies like Blockchain in development of tools for programmers, for exemple, get bitcoin difficulty, or number of transactions per day....what do they win? I google it, and I found someone saying that blockchain makes money by charging merchants and large transactions at 0.1%. Is that true?
They also get a small amount for every transaction, furthermore, suppose that a small percentages of the users may forgot or something happens for their money, I am thinking they will consider more limiting rules in the near future. |
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wadili89
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December 26, 2014, 01:55:35 PM |
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What encourages companies like Blockchain in development of tools for programmers, for exemple, get bitcoin difficulty, or number of transactions per day....what do they win? I google it, and I found someone saying that blockchain makes money by charging merchants and large transactions at 0.1%. Is that true?
They also get a small amount for every transaction, furthermore, suppose that a small percentages of the users may forgot or something happens for their money, I am thinking they will consider more limiting rules in the near future. They dont get anything for the transactions. The fee deducted is used purely as miner fee, it can be set to 0 by the sender. |
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expert4knowledge
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December 26, 2014, 05:57:22 PM |
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What encourages companies like Blockchain in development of tools for programmers, for exemple, get bitcoin difficulty, or number of transactions per day....what do they win? I google it, and I found someone saying that blockchain makes money by charging merchants and large transactions at 0.1%. Is that true?
They also get a small amount for every transaction, furthermore, suppose that a small percentages of the users may forgot or something happens for their money, I am thinking they will consider more limiting rules in the near future. They dont get anything for the transactions. The fee deducted is used purely as miner fee, it can be set to 0 by the sender. Interesting, I did not know about it, how can we change it then? |
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hilariousandco
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Join the world-leading crypto sportsbook NOW!
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December 26, 2014, 07:44:39 PM |
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Like scars said they make money from ads. The fees you pay are all miners fees. Interesting, I did not know about it, how can we change it then?
Just log in and go change it in your wallet settings. You can usually do it in the 'custom send' I think. |
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wadili89
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December 27, 2014, 01:09:07 PM |
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What encourages companies like Blockchain in development of tools for programmers, for exemple, get bitcoin difficulty, or number of transactions per day....what do they win? I google it, and I found someone saying that blockchain makes money by charging merchants and large transactions at 0.1%. Is that true?
They also get a small amount for every transaction, furthermore, suppose that a small percentages of the users may forgot or something happens for their money, I am thinking they will consider more limiting rules in the near future. They dont get anything for the transactions. The fee deducted is used purely as miner fee, it can be set to 0 by the sender. Interesting, I did not know about it, how can we change it then? In quick send it will send with the default fee. Below that it will show custom send and the fee, change address etc can be set there. It is recommended that a fee be added, otherwise transactions may remain stuck for a long time. |
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scarsbergholden
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December 27, 2014, 08:57:08 PM |
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If you are referring to sites like blockchain.info (and other block explorers) then it is ad revenue.
They also get affiliate type income by sending customers to merchants like gyft. I would think this would generally be considered ad revenue, and I don't think that blockchain.info would trust many merchants enough to payout honestly to them as there is no real way to track sales that affiliates get and blockchain has the upper hand because they are so widely used |
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Frank.SD
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SafeDice.com - 0.5% Edge - Instant Payout - Chat
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December 28, 2014, 11:17:02 AM |
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What encourages companies like Blockchain in development of tools for programmers, for exemple, get bitcoin difficulty, or number of transactions per day....what do they win? I google it, and I found someone saying that blockchain makes money by charging merchants and large transactions at 0.1%. Is that true?
They simply make money through advertising. |
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MJK
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December 28, 2014, 07:00:04 PM |
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I never understand how sites like this can make money merely from tiny ads. How many people actually even click on them? Baffles me.
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