Bitcoin and the Byzantine Generals Problem

Re:Bitcoin and the Byzantine Generals Problem by zik on Sunday December 15, 2013 @11:07PM (#6912802)

Miners are paid in two ways - from creating new bitcoins and from transaction fees. The transaction fees are small but add up to enough to make it worth mining.

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Re:Bitcoin and the Byzantine Generals Problem by wmf on Monday December 16, 2013 @01:43AM (#6913251)

If you do the math on a 1MB block that pays, say, 12.5 BTC of fees the result is pretty sobering. Like over $1 per transaction.

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Re:Bitcoin and the Byzantine Generals Problem by gibybo on Monday December 16, 2013 @04:24AM (#6913665)

I would wager pretty strongly that the 1 MB limit will be raised (or removed) in the not-to-distant future.

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