Surely a bank wouldn't move that amount of money with any costs being incurred?
I'm just pointing out its amazing that we can move vasts amounts of money without any paperwork, to anybody in the world for no costs. If that doesn't convince skeptics then nothing will.
Topic: 304517 -- A BIG Block! - page 3. (Read 3971 times)
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Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!
I have not seen one that big before.
I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.
Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!
I have not seen one that big before.
I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.
tx fee: 0.17833101
translation
$114 to move $126million, western union, banks, paypal... try beating that!
Unbelievable really, being able to move $126million for 0..
I'd be interested to see how much a bank would charge to do that, and what paperwork would need to be filled in.
Why is that hard to believe? Banks do it every day and that's what happened here. A Bitcoin bank moved money.
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Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!
I have not seen one that big before.
I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.
Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!
I have not seen one that big before.
I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.
tx fee: 0.17833101
translation
$114 to move $126million, western union, banks, paypal... try beating that!
Unbelievable really, being able to move $126million for 0..
I'd be interested to see how much a bank would charge to do that, and what paperwork would need to be filled in.
tx fee: 0.17833101
translation
$114 to move $126million, western union, banks, paypal... try beating that!
The big transaction was actually free. $0 to move $117 million (not counting the 25 BTC block reward, which could be viewed as a subsidy). The largest fee I think was 0.0012: 79 cents to move $6.69 (lots of inputs). translation
$114 to move $126million, western union, banks, paypal... try beating that!
...
Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!
I have not seen one that big before.
I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.
Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!
I have not seen one that big before.
I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.
tx fee: 0.17833101
translation
$114 to move $126million, western union, banks, paypal... try beating that!
That is just incredible. When migrant workers catch on to this another battle will be over before it even starts.
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Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!
I have not seen one that big before.
I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.
Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!
I have not seen one that big before.
I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.
tx fee: 0.17833101
translation
$114 to move $126million, western union, banks, paypal... try beating that!
Funds are Bitstamp's cold wallet
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Beginner here, Beliathon. Peace.
This just happened to be the biggest number I have seen cross the blockchain.info wire, and I thought it might be of interest.
I too saw the large transaction within, and of course would be curious about that as well. BIG transactions like that would hint (well to me) that there is ever building confidence in Bitcoin.
Beginner here, Beliathon. Peace.
This just happened to be the biggest number I have seen cross the blockchain.info wire, and I thought it might be of interest.
I too saw the large transaction within, and of course would be curious about that as well. BIG transactions like that would hint (well to me) that there is ever building confidence in Bitcoin.
It seems arbitrary to me to point to the block and say, "look, that is important!"
The individual transaction(s) are the important data, not the particular block they happen to fall within. You know what I mean?
The individual transaction(s) are the important data, not the particular block they happen to fall within. You know what I mean?
Well, someone moved a couple (175,497) BTC around. It happens. 
https://blockchain.info/tx/5c1c0b73ce58662382b9b99316a8423063541b480f135a202059d633f5586e3b
https://blockchain.info/tx/5c1c0b73ce58662382b9b99316a8423063541b480f135a202059d633f5586e3b
The blocks are the same reward amount (except due to a halving). OROBTC was remarking that the total number of BTC in the output was 191,445.9... which at the current US dollar value was around $126 million in transactions.
Please elaborate. Explain this block system to the readers - why are all blocks not the same reward amount?
Help us learn.
Help us learn.
The reward is the same for every block. The amount above is the the sum of all the transactions in the block. You can look at the details of the block and all of the transactions it holds here: https://blockchain.info/block-index/433765/00000000000000001f0375f8b88966ad4dd834f1687d12c06739bcebd60b0854
Please elaborate. Explain this block system to the readers - why are all blocks not the same reward amount?
Help us learn.
Help us learn.
...
Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!
I have not seen one that big before.
I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.
Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!
I have not seen one that big before.
I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.
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