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zik
on Dec 16, 2013
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Bitcoin and the Byzantine Generals Problem
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.
wmf
on Dec 16, 2013
[–]
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.
gibybo
on Dec 16, 2013
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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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