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Miner Fee Meaning

The payment given by a user to a miner to have their transaction processed. On a PoW blockchain, miners are profit seekers; they will always choose the transactions that pay the highest fee first.

Miner fees are dynamic. When the network is quiet, you can pay a few cents.

When it is congested, the fee can spike to hundreds of dollars.

These fees are the primary reason Layer 2 solutions exist to make the technology affordable again.

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