Current Consensus Fees
No fee if
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tx less than 1000 bytes in size
-
all outputs are 0.01 BTC or larger, and
-
priority is large enough
-
==Priority = (sum of inputAge*inputValue) / (trans size)==
Otherwise fee is 0.0001 BTC per 1000 bytes
Transaction-Demand Model
T = total transaction value mediated via BTC ($/sec)
D = duration that BTC is needed by a transaction (sec)
S = supply of BTC (not including BTC as long-term investments)
- ==S/D = BTC become available/second==
- ==T/P = BTC needed/second==