diff --git a/ch03.asciidoc b/ch03.asciidoc index 5021724..1cd2621 100644 --- a/ch03.asciidoc +++ b/ch03.asciidoc @@ -456,7 +456,7 @@ This is because the channel partners simply update the channel balance, and only ==== Mining Fees vs Routing Fees -On the Bitcoin Network, users pay fees to miners to have their transactions included in a block. +On the Bitcoin network, users pay fees to miners to have their transactions included in a block. These fees are paid to the miners who mine that particular block, and are based on the _size_ of the transaction in _bytes_ that the transaction is using in a block, as well as how quickly the user wants that transaction mined. As miners will typically mine the most profitable transactions first, a user who wants their transaction mined immediately will pay a _higher_ fee-per-byte, while a user who is not in a hurry will pay a _lower_ fee-per-byte.