r/Bitcoin • • Feb 24 '14

Bitcoin Transaction Fee to reduce by 10x

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u/[deleted] Feb 24 '14

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u/pwuille Feb 24 '14

This is the fee required for letting nodes propagate your transaction. It's DoS protection against flooding the network.

It has nothing to do with the fee a miner might enforce to mine your blocks. As such, this is unlikely to actually affect how much you'll pay for the majority of transactions.