Sentences with phrase «miner fee amounts»

Not exact matches

The concern that the network hashrate will become too low is based on several assumptions and variables, including the number of daily transactions, the willingness of the users to wait for confirmations, the willingness of the users to pay small amounts, the behavior of the miners, the fee policies set by various wallets, the emergent consensus on acceptable fees by the mining community, and other factors, including what actually is «too low» of a network hashrate in the first place.

In some cases, the miner fees required to send a refund are higher than the refundable amount.

Please take into consideration the miners» fee when entering the amount of bitcoins you want to sell!

This means that, while a small amount of bitcoin goes into the system (currently a 0.0001 BTC fee for miners to confirm the transaction within a block), no BTC needs to be sent to a recipient.

The average amount of fees per block has risen to $ 15,946, with its share in total miners reward standing at 15 %.

To accomplish this, blocks have been reduced to a size of 1 - 2 transactions per block, and each user that uses the Paymon ecosystem also becomes a miner, contributing a small amount of computing resources to sustain the network and keep it free of commissions, fees, and wait times.

As a result, users are having to pay a significant amount of fees in order to quickly get transaction confirmations from the miners.

1 / Connect your Ledger device 2 / Enter your PIN code 3 / Open the Bitcoin app on your Nano S (right click) 4 / Launch your Bitcoin Chrome application on your computer 5 / Click on «Send», a popup opens 6 / Fill in the required fields: amount, recipient address you can paste or scan, level of fees 7 / Click on the «Send» button 8 / Your Nano S requires your manual consent to authenticate this transaction: press the right button (above the «V» check icon) to confirm once you have verified the details of your transaction are right and wait until your Chrome app displays «validated» 9 / Your transaction is validated and will be tracked on the Blockchain as soon as it is confirmed by miners in accordance with Bitcoin protocol.

Although fees have risen quite dramatically from where they were a year or two ago, it's unclear how much effect this has on the digital gold use case, which some believe provides the largest amount of support for the bitcoin price — and therefore keeps miners happy, too.