How does the bitcoin transaction fee get paid to miner(s)?

How does the bitcoin transaction fee get paid to miner(s)?

According to http://ift.tt/2a1usTo

The current "cheap" rate for a bitcoin transaction is $22.

How does this get paid to the miners? When I view a blockchain explorer a few days later, there might be 16 confirmations.

How many confirmations does it take to get added into a block?

Is the $22 split amongst the 16 miners that confirmed the transaction?

I understand proof of work. But I don't quite understand how a transaction fee gets paid out. Thanks.

http://ift.tt/2zEcDqm

Comments

Popular posts from this blog

bitcoin node: what is the difference between simnet and regtest?

How to check if Electrum is masking my IP with the Tor proxy?

Need help to recover blpckchain.info wallet, my wife forgot her password and the brute force with btcrecover is not catching the password