Cryptocurrency Q&A
What is miner transaction fee?
What is miner transaction fee?
Stefano
Tue Dec 24 2024
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6 answers
1110
I'm wondering about the concept of miner transaction fee in the context of cryptocurrency transactions. Could someone explain what it is and how it works?
6 answers
GeishaMelody
Thu Dec 26 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options. These services cater to the diverse needs of crypto traders and investors.
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Maria
Thu Dec 26 2024
The higher the miner fee attached to a transaction, the more likely it is to be prioritized by miners.
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Giuseppe
Thu Dec 26 2024
Miners are incentivized to process transactions with higher fees as they earn more for their efforts.
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GinsengGlory
Thu Dec 26 2024
Conversely, transactions with lower or no miner fees may experience delays in confirmation.
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Silvia
Thu Dec 26 2024
This is because miners may opt to process transactions with higher fees first, leaving lower fee transactions to be confirmed later.
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