4 ms·
Can you explain that graph? I have no idea what I'm looking at. Where are these fees going?
by wdewind 13y ago
Can you explain that graph? I have no idea what I'm looking at. Where are these fees going?
- bri3d 13y agoBitcoin miners. Simplistically: Each transaction can optionally include a fee as an incentive for Bitcoin miners to include the transaction in the block they're calculating. Right now, blocks can produce new "mined" Bitcoins, so the reference implementation doesn't frequently add a fee as the incentive to calculate a block is still quite high. As the "mining" (new Bitcoin creation) rate declines to zero, fees will become more important as an incentive to continue calculating new blocks. https://en.bitcoin.it/wiki/Transaction_fees https://en.bitcoin.it/wiki/Transaction_fees has a complete explanation of the current reference implementation of fees.