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Friday, 1 January 2021

Understanding bch mining/fees

Correct me if i'm wrong..

  1. Each block mined , the reward is 6.25 bch (CoinBase block)
  2. Fees are < 0.01 usd per transaction considering everyone using 1 sat default fee. If there is 200 transactions in a block thats $2 mining reward
  3. If someone sends $1 in bch fee is 0.01 usd. If another person sends $10,000 in bch, fee still 0.01 usd ?
submitted by /u/MissAil
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from Bitcoin - The Internet of Money https://ift.tt/2L911qL

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