Quote from: BTCIndia on February 05, 2014, 05:26:08 PM

Quote from: Pangia on February 05, 2014, 05:20:42 PM

Quote from: btc_dev on February 05, 2014, 05:03:04 PM

Quote from: Pangia on February 05, 2014, 04:48:25 PM

When all Bitcoins are mined, how much will each person have to pay to perform a transaction on the network? (how much will miners charge per transaction)

Thanks in advance for your input.

Is it the fact that miners can charge on their will ? I mean do they have the independence to chose Tx depending on Tx fee ?

I haven't a clue.

Perhaps I wrote my question incorrectly. I'm trying to figure out what the transaction fee will be once all Bitcoins are mined.

Right now, transaction fees is very low and will stay same for a while. Once, btc is mainstream, I believe, transaction cost will again cost 2-3% per transaction adding commission of various middleman that includes conversion of btc to fiat, miner, payment processor etc. I strongly believe, we'll be back to age where we're right now.

Ok thanks for your input. I know that there are other variables associated with fees (middlemen, etc.). I'm trying to find out what the fee will be on the network to perform a transaction. For example, I want to send someone 1 BTC, how much will the network charge me to perform that transaction? (I don't want to wait 2 days so I'm going to pay the transaction fee, how much is that right now and when all coins are mined, how much will that be?). Thanks all.