Quote from: DannyHamilton on November 13, 2013, 07:35:47 PM

Quote from: pysiak on November 13, 2013, 07:28:22 PM

So, what's the difference between:
- fees and reward during mining in a pool

Block reward is the sum of the block subsidy (currently 25 BTC) and the transaction fees of all the transactions that are included in the block.

Each pool has their own rules on what they pay to the miners that particpate in the pool. Some share the fees, some don't.

So when I see a reward of 25.24999363, the 0.24999363 is the sum of transaction fees within that block?
Does it then mean the fees in 2040 will be increased so that miners at least make for the electricity?
But then again, how can the miners rely on non-miners to set the fees high enough?

Quote

Quote from: pysiak on November 13, 2013, 07:28:22 PM

- having my wallet stored and ran by a bitcoind node

I don't understand the question. Stored where?

I meant I have a server running bitcoind and that installation holds my wallet.dat.

Quote from: DannyHamilton on November 13, 2013, 07:35:47 PM

Quote from: pysiak on November 13, 2013, 07:28:22 PM

On the bitcoind node I ran this:

Code:

bitcoind settxfee 0.0001

When does this fee ever get calculated?

When you use that bitcoind to create a bitcoin transaction to transfer value that you control to some other bitcoin address.

Quote from: pysiak on November 13, 2013, 07:28:22 PM

Also, what is my bitcoind node doing with all its 57 peer connections?

Receiving transactions, making sure they are valid, and then relaying them to peers that don't have them yet.
Receiving blocks, making sure they are valid, adding them to your local copy of the blockchain, and then relaying them to peers that don't have them yet.

Thanks.