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j15t

40 karma · joined February 5, 2016

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j15t··on Parity – Next Generation Ethereum Client, written in Rust
Each operation in the Ethereum Virtual Machine (EVM) has a cost defined by the protocol. Miners verify that each transaction has paid the necessary amount and any transaction that pays too little will not be included in a block.
j15t··on Parity – Next Generation Ethereum Client, written in Rust
> In particular, I'd like to understand whether mining fees are paid for executing contracts or for solving hashes or for both

I believe the answer is both. Miners get a rewarded for finding a valid block of 5 ETH (typical PoW style reward) and they also receive the transactions fees paid by users of the network. And in Ethereum the cost of a transaction is determined by its 'gas' cost, which is based on how computationally expensive the transaction is.

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