Bitcoin Gold: what exactly are we "mining"?

coinfoundry

full member

Activity: 292

Merit: 100

Miningcore

Quote from: Good_Boy on October 18, 2017, 04:12:01 AM

1. We can mind empty blocks.
2. When the release of Bitcoin Gold blocks will not be empty so many people will send coins to exchanges.

This. Exactly.

PDAngel

full member

Activity: 574

Merit: 100

Quote from: Good_Boy on October 18, 2017, 04:12:01 AM

1. We can mind empty blocks.
2. When the release of Bitcoin Gold blocks will not be empty so many people will send coins to exchanges.

oh i see.. i wait for FORK, actually

Good_Boy

full member

Activity: 784

Merit: 100

1. We can mind empty blocks.
2. When the release of Bitcoin Gold blocks will not be empty so many people will send coins to exchanges.

ZenFr

legendary

Activity: 1260

Merit: 1046

Quote from: davemanet on October 18, 2017, 02:04:01 AM

With mining, we're verifying transactions when we mine, right?

So, if Bitcoin Gold is new -- exactly what transactions are being made that have to be verified if nobody is making purchases with them?

I'm just trying to get a better understanding of how it works.

BitcoinGold mining will mine transactions blocs, even if these blocs are empty.
This is true for all blockchain mining system.
It is normal if at the begining the blocks are quasi empty, then smaller to store in the blockchain.

amirulhere46

newbie

Activity: 7

Merit: 0

Just wait and see 25 October . and you will know hehe

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

Mining is there to secure the network by advancing the blocks - even if they're empty.

davemanet

full member

Activity: 336

Merit: 100

With mining, we're verifying transactions when we mine, right?

So, if Bitcoin Gold is new -- exactly what transactions are being made that have to be verified if nobody is making purchases with them?

I'm just trying to get a better understanding of how it works.

Topic: Bitcoin Gold: what exactly are we "mining"? (Read 432 times)