Post
Topic
Board Bitcoin Discussion
Re: where does transaction fees go to
by
lol3c
on 14/11/2016, 17:51:13 UTC
i thought a big part of bitcoin is that theres no fees whatsoever, but I have realized theres a transaction fee section on my blockchain wallet. Also, I have heard people saying they can put more "gas fee" to make the transaction confirmed faster. How does that work?

thanks
The miners of course. They work to earn money from fees and from the block. As long as you charge the fee, the miners will include your transaction into their block. And here is the miners' rule: The higher the fees, the easier the transactions finish because the priority of choosing is transactions which have high fees. So if you do not or pay a very tiny fee, your transactions can take ages to finish