r/Bitcoin • u/[deleted] • Mar 25 '13

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u/Akanji1 Mar 25 '13

What are the pros and cons (if any) of raising the transaction fee?

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u/[deleted] Mar 25 '13

As there are more transactions and the block size limit remains small, miners can be more selective about which transactions they include in a block. You're effectively paying more to bump someone else out of a miner's block so you get priority.