When someone sends a Ethereum transaction, they need to include a small fee to incentivize miners to include it in a block. This fee is paid in “gas”, and the amount of gas required varies depending on the complexity of the transaction. Who gets to keep the gas fees? It’s a common question, and the […]
Where Do Bitcoin Transaction Fees Go
In the early days of Bitcoin, the only way to get new coins was to mine them. Miners were rewarded with new coins for verifying and committing transactions to the blockchain. As Bitcoin gained in popularity, miners were able to bring in more and more computing power to their efforts, leading to higher and higher […]
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What Is Ethereum Miner Fee
What is Ethereum Miner Fee? When you send a transaction on the Ethereum network, you are required to pay a miner fee. This fee goes to the miners who are responsible for confirming and securing the transactions on the network. The fee is paid in Ether, and is calculated based on the size of the […]
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14 Min
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