Re: Newbies, don't forget to include fees when sending money.
Would paying a higher fee increase the confirmation drasticly?
The way I understand it, the miners get the fees when the transaction is included in the blockchain. The higher the fee, the more incentive for miners to include the transaction in the next block. So a higher fee will increase your chance of getting confirmed in the next block.The mining pool gets the transaction fee, it's up to the pool owner to work out how to share it with the miners, or not!
