who gets the miner’s fee?

polo asked 3 weeks ago

Last updated on February 5th, 2018 at 06:19 pm

As far as I know, those who run full nodes are not paid. So who gets the miner’s fee? Can I participate in confirmations and earn miner’s fee?

2 Answers
Steven Hay answered 3 weeks ago

Hey polo,
 
The miner gets the miner fee. :) The only way to get the fee is to be the one who mines the block, which of course requires a massive investment in ASIC mining hardware, electricity and so on.
 
By running a full node, you both help support the Bitcoin network and also fully verify all your own transactions rather than relying on someone else to verify them for you. Full nodes offer a better security model for you and the network, so if you have the bandwidth (the hard drive space can be kept to any amount you specify via the prune command), then I encourage you to run one. You’ll also get data on the network and transactions from running a node, if that’s your thing.
 
If you’re looking to earn something from running a node, then you might want to check out the running of a Lightning Network node. By routing people’s payments through your node, which will have to be well-connected to other nodes for best results, you can charge a small fee. LN is still pretty tough so you’ll need some coding skills to get set up, but it’ll become easier as time passes.

polo replied 3 weeks ago

In blockchain, I transferred $10 and paid a fee of $2.
I can view the history of the recipient of $10 but I cannot view the history of the recipient of $2.
Doesn’t this contradict the purpose of open ledger?
Which bitcoin address received $2 which I paid as fees?

polo replied 3 weeks ago

In blockchain, I transferred $10 and paid a fee of $2. I can view the history of the recipient of $10, but I cannot view the history of the recipient of $2. Doesn’t this defeat the purpose of open ledger?

polo replied 3 weeks ago

thanks for the response.

polo answered 3 weeks ago

in blockchain, I transferred $10 and paid a fee of $2. I can view the history of the recipient of $10 but I cannot view the history of the recipient of $2. Dosen’t this defeat the purpose of open ledger?