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Comment: Re:amazing use of resources (Score 1) 381

by johanatan (#39809187) Attached to: Bitcoin Mining Startup Gets $500k In Venture Capital
The fees are quite low (on the order of a fraction of a percent [as opposed to 3-4% for VISA/MC or higher for Western Union). You can choose to submit transactions with no fees but depending on the load on the network and the amount of miners, difficulty of mining, etc, it can take quite a long time for them to clear. For instance, my zero-fee transaction from 2 weeks ago took a week to complete.

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