Sentences with phrase «mining fees»

Lately miners are having to pay mining fees of up to $ 500,000 which was $ 100,000 nine months ago.

Another buyer paid more than $ 6,000 in ethereum mining fees to almost guarantee their place at the top of the line.

They want a scaling solution that significantly reduces mining fees.

or, if you have the ability in your wallet, you can set a lower priority and thus save on mining fees.

Together, this community has fixed speed bumps, and replaced centralized mining and high mining fees in the Bitcoin network.

1 — There is no (or only a very small) network mining fee for most DigiByte to DigiByte transactions to incentivize new miners.

Barhydt cited bitcoin compatibility, good scalability, and low mining fees as primary reasons behind the choice.

Sebastian Serrano, CEO of bitcoin processor BitPagos, for instance, said he expected SegWit would reduce the time it would take partner companies to send funds, as well as reduce the cost his company pays in mining fees.

If you can use Wall of Coins it's preferred however, because BitQuick has a higher minimum purchase of just over $ 20, and also has a 2 % service fee and 0.001 BTC mining fee.

He expects mining fees to skyrocket if Abra successful.

To these users» benefit, this should also mean that the channel updates («off - chain transactions») are cheaper because they don't require mining fees, and are faster because they don't require blockchain confirmations.

Bitcoin mining fees for processing bitcoin transactions rose to above $ 25 per transaction in December 2017, making small payments incredibly costly.

This induces a higher mining fee because more blockchain space is used.

Too many transactions would mean longer confirmations and higher mining fees — great news for miners, but bad news for everyone else.

Just five investors bought the bulk of Brave's tokens, Coindesk said, including one buyer who paid more than $ 6,000 in Ethereum mining fees to secure his place at the top.

When consolidating their unspent outputs, spending SegWit outputs will enable them to create transactions that require much less legacy block space and thus also cost them less in mining fees.

mining fees which are primarily a function of # 2 although this is more of a short term benefit as mining fees would likely sky rocket if we're successful anyway!»

Scammers promise the same service then collect the «mining fees» without actually doing any mining.

There's no transaction fee but if you withdraw your bitcoin to an external wallet, we do charge a network fee to cover the costs of the mining fee.

Abra currently pays any mining fees for exchanges but we offset this by maintaining a spread on the conversion rate.

«In December, during this euphoria, people wanted their transactions to get accepted quickly, so they were driving the mining fees up.»

Mining fees are a seriously important cost for pretty much any Bitcoin - focused startup to consider.

«Even if both [fees] skyrocket again, the mining fee we'll be paying for our Litecoin smart contracts will be tiny.»

It's easy to send to non-members, too — we'll even cover the mining fee.

No mining fees.

or, if you have the ability in your wallet, you can set a lower priority and thus save on mining fees.

mining fees which are primarily a function of # 2 although this is more of a short term benefit as mining fees would likely sky rocket if we're successful anyway!»

Finally, a successful Lightning Network will enable completely new use cases that are not possible on - chain, bringing more economic activity (and mining fees) to bitcoin as users open and close channels.

And finally due to its mining fees which are primarily a function of # 2 although this is more of a short - term benefit.

Too many transactions would mean longer confirmations and higher mining fees — great news for miners, but bad news for everyone else.

That difference is the mining fee.

Just enter your Bitcoin wallet address and once you accumulate a certain amount (to cover the mining fees), they'll send you tens or hundreds of satoshis (1 satoshi = 0.00000001 BTC) and sometimes evern more.

It's easy to send to non-members, too — we'll even cover the mining fee.

No mining fees.

We have not produced a single orphan block, and we give all mining fees to miners.

It's also free to send BCH and BTC externally — we'll even cover the mining fee.

Any withdrawals above this amount will result in fees equal to the mining fees payable on either network.

Today, the minimum output size is 5,430 Satoshis, or about 1.3 cents, which would incur a mining fee of 2 or 3 cents.

Van Valkenburgh explained in simple terms how the bitcoin blockchain works, including how the mining fee helps secure the network, and the risks that overregulation could have on the sector.

Perhaps the most disheartening thing about the debate was an admission by Samson Mow that sending 10 cents worth of bitcoin would actually cost more than 10 cents in mining fees.

Because of Bitcoin's recent surge in popularity, mining fees are now climbing past previous highs.

Bitcoin Cash is a movement that claims it wants to increase confidence in cryptocurrency, as Bitcoin has been criticized for slow transaction times, high mining fees and high energy consumption, factors that BCH's supporters feel it combats.