Bitcoin Transaction Fees - BitcoinWiki

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MiningPoolHub

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CoinSolver -- Profit Switching Scrypt Pool w/Nightly Bonus

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Does monero have any strict disadvantages versus bitcoin like transaction speeds/fees, mining centralization etc that are inherent to the technology?

Obviously it currently has higher transaction speeds due to a lower number of users, but as I understand it monero is bitcoin + a few anonimity modifications to the protocol. Do these modifications increase the computational power required for mining given the same transaction volume compared to bitcoin? In other words, how much are you paying for anonymity?
submitted by stupidQuestionsAlt2 to Monero [link] [comments]

Mining reward Transaction Fee flippening (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin SV 1.0.5 is released today and contains free consolidation transactions, meaning you will not have to pay mining fees anymore when consolidating small utxos, as Satoshi envisioned

Bitcoin SV 1.0.5 is released today and contains free consolidation transactions, meaning you will not have to pay mining fees anymore when consolidating small utxos, as Satoshi envisioned submitted by zhell_ to bitcoincashSV [link] [comments]

Bitcoin SV 1.0.5 is released today and contains free consolidation transactions, meaning you will not have to pay mining fees anymore when consolidating small utxos, as Satoshi envisioned

Bitcoin SV 1.0.5 is released today and contains free consolidation transactions, meaning you will not have to pay mining fees anymore when consolidating small utxos, as Satoshi envisioned submitted by zhell_ to bitcoinsv [link] [comments]

"Bitcoin [Core] mempool is blowing up right now, to me it looks like a primary miner is cutting off mining to grow the transaction fee cost... there are 1 hour intervals with no blocks mined, about an hour ago there was a huge chunk of low cost transactions thrown into the network.."

submitted by Egon_1 to btc [link] [comments]

09-20 16:25 - 'dumb idea to pay 4 usd in fees for a 2 usd drink... use monero, im sorry, but its just superior. 1-5 cents fee per transaction, fully private, softcapped so it wont die after last one is mined' by /u/cerpadlo removed from /r/Bitcoin within 37-47min

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dumb idea to pay 4 usd in fees for a 2 usd drink... use monero, im sorry, but its just superior. 1-5 cents fee per transaction, fully private, softcapped so it wont die after last one is mined
'''
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Author: cerpadlo
submitted by removalbot to removalbot [link] [comments]

Bitcoin SV 1.0.5 is released today and contains free consolidation transactions, meaning you will not have to pay mining fees anymore when consolidating small utxos, as Satoshi envisioned

Bitcoin SV 1.0.5 is released today and contains free consolidation transactions, meaning you will not have to pay mining fees anymore when consolidating small utxos, as Satoshi envisioned submitted by zhell_ to crypt0snews [link] [comments]

When all 21 million Bitcoin are mined, will transaction fees inevitably go up?

P.S. for all those who want to say that this will only happen in 2140, so I shouldn't worry about it, I respectfully say that it's something I'm interested in! I'd be very grateful for your responses!
submitted by ABCBAA to Bitcoin [link] [comments]

2 More Bitcoin Cash Mining Pools Agree to Process Zero-Fee Transactions

2 More Bitcoin Cash Mining Pools Agree to Process Zero-Fee Transactions submitted by DedMozai to btc [link] [comments]

Bitcoin Mining Revenue from Transaction Fees Shot Up to its Highest Level Since July 2019

Bitcoin Mining Revenue from Transaction Fees Shot Up to its Highest Level Since July 2019 submitted by bitcoinexchangeguide to BitcoinExchangeGuide [link] [comments]

The new Ballet Bitcoin Block is the ultimate physical #Bitcoin collectible. It contains entire block reward (12.5 BTC + fees) from a newly-mined block, direct from coinbase transaction.

The new Ballet Bitcoin Block is the ultimate physical #Bitcoin collectible. It contains entire block reward (12.5 BTC + fees) from a newly-mined block, direct from coinbase transaction. submitted by Fiach_Dubh to BitcoinPremium [link] [comments]

What will miners do if all Bitcoin is mined and transaction fees are very low?

Eventually in over 100 years all Bitcoin will be mined. If transaction fees end up being low, what exactly will miners do? Since there's no bitcoin left to mine, and the fees are low, the reward for mining will be very low. What will miners do? EDIT: Never mind, I think even 1 satoshi fees might be fine if everyone uses it.
submitted by shinyspirtomb to Bitcoin [link] [comments]

2 More Bitcoin Cash Mining Pools Agree to Process Zero-Fee Transactions

2 More Bitcoin Cash Mining Pools Agree to Process Zero-Fee Transactions submitted by jbuuuush to Bitcoincash [link] [comments]

Second Largest Bitcoin Cash Mining Pool Accepts to Process Zero-Fee Transactions

Second Largest Bitcoin Cash Mining Pool Accepts to Process Zero-Fee Transactions submitted by pandaman200 to btc [link] [comments]

bitcoin.com mining pools still accepts, and mines, transactions with fees lower than minrelay fee, and makes 'reverse double spend' possible.

submitted by homopit to btc [link] [comments]

[SERIOUS] Let's say in the future there are 5 major players in the Bitcoin mining industry, controlling 95% of the total mining power. What would prevent them from creating a mining cartel to drive up transaction fees for their own benefit?

submitted by OdoBanks to Bitcoin [link] [comments]

Save Money on Bitcoin Transactions: Conio Launches Accelerate, the Mining Fee Smart Selection Feature

Save Money on Bitcoin Transactions: Conio Launches Accelerate, the Mining Fee Smart Selection Feature submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

THEORY: Is it possible that miners are spamming the Bitcoin network with low fee transactions to generate more mining profits?

Hi all. I don't know enough about the technical details of the low-fee transactions that are spamming the network, and a possible correlation between those and the ability for minors to make a profit. My thinking, which may be horribly flawed, is that miners may be flooding the network with low fee transactions in order to produce a large quantity of quickly mineable blocks in order to gain extra rewards (or to get rewards more quickly than they might if mining only normal fee blocks)
Is this feasible? Or does a minor make just as much mining a normal fee block as they would a block that has a ridiculously low transaction fee?
I ask because I have heard many times about minors intentionally mining empty blocks to get the rewards. But I don't know if empty blocks relate directly to low-fee blocks?
Any technical insights you could provide would be greatly appreciated, as I would hate to suggest something that might have no foundation or basis.
With thanks for your suggestions on how this might be possible, or how I might be completely off base here.
Babs
submitted by babsamajabsma to Bitcoin [link] [comments]

Spam transactions don't pay $20 fees, actual pump and dumps don't stay at $1200+... (Bitcoin Cash) has multiple dev teams, several mining pools, and is more like the Bitcoin from 2012 than core

Spam transactions don't pay $20 fees, actual pump and dumps don't stay at $1200+... (Bitcoin Cash) has multiple dev teams, several mining pools, and is more like the Bitcoin from 2012 than core submitted by dementperson to btc [link] [comments]

Save Money on Bitcoin Transactions: Conio Launches Accelerate, the Mining Fee Smart Selection Feature

Save Money on Bitcoin Transactions: Conio Launches Accelerate, the Mining Fee Smart Selection Feature submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin mentioned around Reddit: bitcoin.com mining pools still accepts, and mines, transactions with fees lower than minrelay fee, and makes 'reverse double spend' possible. /r/btc /r/cryptoall

Bitcoin mentioned around Reddit: bitcoin.com mining pools still accepts, and mines, transactions with fees lower than minrelay fee, and makes 'reverse double spend' possible. /btc /cryptoall submitted by SimilarAdvantage to BitcoinAll [link] [comments]

bitcoin.com mining pools still accepts, and mines, transactions with fees lower than minrelay fee, and makes 'reverse double spend' possible. /r/btc

bitcoin.com mining pools still accepts, and mines, transactions with fees lower than minrelay fee, and makes 'reverse double spend' possible. /btc submitted by cryptoallbot to cryptoall [link] [comments]

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To understand Bitcoin transaction fees, it helps to first understand the method of processing transactions. How does it all work!? Well, it starts with the blockchain and the blocks which store the transaction information (thus making them legitimate). Each block in the Bitcoin network has an artificial size limit of 1 MB and this averages 2020 transactions to fill one block. ASIC mining hardware keeps Bitcoin secure through proof of work. Right now, miners are paid through a combination of Bitcoin’s block reward and transaction fees. Bitcoin’s block reward is still large and provides the majority of miners’ earnings. The block reward started at 50 bitcoins per block. Currently, it is 25 bitcoins per block. In July 2016 it will drop to 12.5 bitcoins per block ... This is because the Bitcoin network takes a fee called Bitcoin transaction fees for processing transactions. And this fee goes to Bitcoin miners who provide the service of mining and confirming transactions on the Bitcoin’s network. This might not be an alien concept for you if you have read my earlier Beginner’s Guide On Bitcoin Mining. But what’s new in this? Well, sometimes these ... The fee required for a transaction to quickly confirm varies according to network conditions. Generally it floats around slowly, but sometimes it shoots up due to spam transactions or a series of randomly-slow blocks. In such cases, you may find that your incoming or outgoing transactions get stuck in an unconfirmed state for a long time. The same occurs when someone tries to make a trade of Bitcoin; You pay a transaction fee to cover the costs associated with validating the recent transaction and adding it to the blockchain ‘ledger’. The fees are variable, but there will generally be a “market price” that will get a trade executed in a timely manner. The higher the fee, the sooner the trade will be executed. To ...

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