What is the miner’s fee extracted (what is the reward for the miner’s fee)

08/06/2023 15:57 • Tech Trends • 61 views

On August 25th, the miner community user “Digging Treasure Little White” released a message stating what the fee for extracting Chinese miners is. In the Bitcoin network, “packaged block reward” refers to sending the hash value of a blockchain ledger to the blockproducer’s wallet (i.e. the blockproducer’s wallet) through packaged transactions, and then the miners themselves pay this fee and complete the transfer operation. From the data on the Bitcoin chain, it takes about 5 minutes to complete this process It is understood that how does the Chinese miner’s fee work? It means giving all the coins dug up to the miners for use, so this method can be used to earn miners’ fees

What is the reward for miner’s fees

Miner’s fees are the cost of digging up Bitcoin, and the more coins dug up, the less rewards will be given

In the field of Cryptocurrency, there are two ways to obtain Ethereum block rewards – transaction costs and handling fees (usually referring to tokens generated by mining), or the ore pool earns these benefits. One type is the “income” or “reward” obtained by paying a transaction fee to others. Another way is to use this’ income ‘in one’s own wallet, such as sending your ETH to your person, and they will receive corresponding mining machine fees and some tips, which are earned by miners. The “payee” usually sends an email to such service providers, fills out a form, and then rates them based on this email address. The “payee” can also create their own account to accept transfers of these amounts.

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What is the miner’s fee extracted (what is the reward for the miner’s fee)

What is the reward for miner’s fees

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