Post
Topic
Board Mining
Re: Miners Should Consider the Lower Transaction Fees
by
WayneBunbury
on 01/06/2023, 05:49:11 UTC
to the op we miners DONOT set the fees  We only Eurn the Tx   

heres how it works

Who controls Bitcoin transactions?
Bitcoin does not have a central authority. The bitcoin network is peer-to-peer, without central servers. The network also has no central storage; the bitcoin ledger is distributed. The ledger is public; anybody can store it on a computer. Leger known as blockchain

from forbs this year 

Why is my Bitcoin transaction fee so high?
The increased demand for Bitcoin's block space led to the corresponding rise in bitcoin transaction fees. The blockchain backlog got so congested that the crypto exchange Binance paused withdrawals for almost two hours on Saturday, May 6. And this may only be the beginning.8 May 2023

from bitcoin.com 
Does bitcoin charge transaction fees?
Bitcoin transaction fees are paid in bitcoin and Ethereum transaction fees are paid in Ethereum. As you'd expect, simpler actions have smaller fees while complicated actions cost more. Additionally, different blockchains have lower or higher transaction fees for similar actions

if you whant plain english read this ------> https://99bitcoins.com/bitcoin/fees/ it gives a brakedown of the process  and it clearly points out that We miners DONOT set the Fees its the User(sendewr) who sets the fee  exsample if i wanted to send 2 dollers woth of bitcoin to my other bitcoin adress from my bitcoin core wallet i am promited to set a tx tx = transfure fee  if i set the tx as 0.000001 btc witch is varry low miners will look at it and deside it ant woth it and wont touch it  becose 1 it isnt enuff to cover the cost of power we face in the form of a power bill  now if jo blow sends the same amount of bitcoin ie 2 dollers werth but he offers up a tx of 0.00090 btc Miners will look at it and take that tx why becose it higher but igf a big time person sends the same ammount ie 2 dollers werth of btc but offers up 0.001 btc The miners will take that insted as i said you can read the prosess witch is found at https://99bitcoins.com/bitcoin/fees/ that brakes down the bitcoin process