Author: Jeff Garzik 2013-05-13 22:00:27
Published on: 2013-05-13T22:00:27+00:00
In an email exchange between Adam Back and Jeff Garzik in May 2013, the topic of destroy-via-miner-fee was discussed. Garzik explains that a destroy-by-miner fee transaction is a normal bitcoin transaction sent by any user. When a transaction's input value exceeds its output value, the remainder is the transaction fee. The miner's reward for processing transactions is the 25 BTC initial currency distribution plus the sum of all per-transaction fees. However, unfortunately, the bitcoin protocol prevents zero-output, give-it-all-to-the-miner transactions.
Updated on: 2023-06-06T16:48:22.551887+00:00