Fees higher than block reward

0

I know this would not be possible but in-case someone just decided to try it out or accidentally put a high transaction fees (more than 12 bitcoin), so what will it happen?

Will the block reward increase or the remaining fees removed or will it not even send to the block?

zhiyan114

Posted 2018-03-11T22:54:58.267

Reputation: 528

Answers

2

What happens to the fees in Bitcoin?

In Bitcoin, the transaction fees paid are added to the block reward so, if a miner solves a block they currently get 12.5BTC block reward plus the sum total of all fees. If the fees add up to 12.5BTC also then, the miner gets 25BTC in total.

Willtech

Posted 2018-03-11T22:54:58.267

Reputation: 2 657

so they gets the whole fees for that transaction? – zhiyan114 – 2018-03-11T23:01:33.100

@zhiyan114 Yes. – Willtech – 2018-03-11T23:22:36.427

Asked: 2018-03-11T22:54:58.267

Viewed: 79 times

Active: 2018-03-12T00:18:10.537