Questions tagged [earn a fee]

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Tommaso Tommaso Tue Jul 16 2024 | 5 answers 879

How does a bitcoin miner earn a fee?

As a cryptocurrency enthusiast, I'm curious to understand the economic incentives behind Bitcoin mining. Could you elaborate on how a bitcoin miner earns a fee? I've heard that miners are rewarded with bitcoins for solving complex mathematical problems, but I'm not entirely clear on the specific mechanics of how the fee system works. Is it a transaction fee that gets distributed among miners for validating blocks? Or is there another mechanism in play? I'd appreciate a concise explanation of the fee generation process for Bitcoin miners.

How does a bitcoin miner earn a fee?

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