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