Tagged: bitcoin fees

Once bitcoin reaches 21,000,000 and there is no more to mine, will there still be miners out there for transactions? 0

Once bitcoin reaches 21,000,000 and there is no more to mine, will there still be miners out there for transactions?

Transaction fees are going to become important a lot sooner than 100 years. They are probably going to be important after the next halving, at the longest range they are going to be important two halvings from now, which is about 8 years away. Transaction fees are currently about 0.3btc...

How much are Bitcoin transaction fees? 0

How much are Bitcoin transaction fees?

Not all transactions require a fee. However, fees that are charged are based on the data storage size of the transaction, which is dependent on the number of inputs that will be used. Paying a fee may speed up the transaction process because miners will process these transaction first.