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So how does one make money as a miner via processing these fees? Is this money being taken by pools, individual miners? Who is the middle-man that is actually
by bigtunacan 9y ago
So how does one make money as a miner via processing these fees? Is this money being taken by pools, individual miners? Who is the middle-man that is actually taking this profit?
- Klathmon 9y agoIt's pretty clever. Whenever you make a transaction in bitcoin, you point to the previous balance you have from a previous transaction, then you say how much you are sending to what address. The "fee" is the difference between the amounts. So if I have 1 Bitcoin, and I send .9 to you, the fee is .1 If you want to make sure you keep some Bitcoin, you just send it to yourself. So 1 have one, and I send .1 to you, and .8 back to me, the fee is .1 Then when a miner mines a block, any unspent money is now theirs, and they claim it via the address they liked for.