Re: GAW Miners Paybase Paycoin unofficial uncensored discussion.ALWAYS MAKE MONEY :)
The fee for a transaction is the difference between the input total and the output total. The destination for the fees is set in the block that contains the transaction.
So here's an example of a bitcoin transaction:
https://blockchain.info/tx/e967550ef95d28a95a4ea2e679b8b9463cea28943d3053ef65d7f5fe109ce3ad
Click to find the block it's in:
https://blockchain.info/block-index/757279
In the top transaction you see listed there, you can see where the fees (0.25520967 BTC) are sent, along with the 25BTC reward for mining the block.
That example is a little weird. It shows two blocks for that one, but the one with the transactions was marked as an orphan while the other block has a -25 BTC net.
So did all of those transactions "bounce" aka are unconfirmed?
Back to Paycoin, so what does the nMint variable in the source code capture? It tracks the transaction fees, does that somehow find its way back into the money supply?