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is because the flat mining reward is programmed to decrease by half every 210,000 blocks. Do you have historical data? Bitcoin transaction fees are therefore used to incentivize miners to process and verify your transactions. Next Block Fee: fee to have your transaction mined on the next block (10 minutes).



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Miners usually include transactions with the highest fees first.
Learn about bitcoin fees.

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Transactions occupying more space, on the other hand, need more work for validation so they need to carry a higher fee in order to be included in the next block. Earlier this year, a user was able to carry out 42 transactions using the Lightning Network and spent just.9 cents in transaction costs. For example, compare transaction B to transaction D in the illustration above. The market for block space, receiving the fees from hundreds of transactions (0.44 BTC). 0.24 3 Blocks Fee: fee to have your transaction mined within three blocks (30 minutes).

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