What's a bitcoin miners fee?

Bitcoin mining fees, also called transaction fees, are small amounts of bitcoin given to incentivize bitcoin miners to add transaction records to the public ledger called the blockchain. Bitcoin miners use specialized hardware called ASICS to compete for a difficult-to-produce piece of data called a proof of work, which is required for broadcast blocks to be considered valid. Miner fees pay miners for the service they provide; the size of the fee and how much data is in the transaction determines how fast the bitcoin transaction is processed and confirmed.