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or how exactly do I get transactions fees? Can I get transactions fees as a solo miner?
How much hash power do I need to be able to get transaction fees?
Answers
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Transaction fees are part of the block reward, so if you want to get the transaction fees for a block, you must be the person to mine the block. Anyone can mine a block, and even quickly if they get extremely lucky. However, as a solo miner, unless you have invested in millions of dollars of ASIC miners to get a non-negligible percentage of the network hashrate, you likely won't be mining a block in your lifetime, or even in the lifetime of the universe.
Thanks for the answer. What if I start a pool, how much easier it is to mine a block? is there a way to calculate how much time I need to mine a block? – Wrath – 2017-07-24T18:53:45.763
Start a pool or join a pool? – Jestin – 2017-07-24T18:55:47.700
1If you start a pool, it does not magically become "easier" to mine a block. If no one joins your pool, your hashrate will not increase and you will still not be able to find a block. If you join a pool, you won't get the full block reward or transaction fees. – Andrew Chow – 2017-07-24T19:15:43.030