Transactions are random, sometimes it one block can have tens of transactions, while another can have maybe 0 transaction, I guess it follows the Gassuian's distribution?
Most of blocks have 100s of transactions
Topic: Block with only 1 transaction (Read 1891 times)
Transactions are random, sometimes it one block can have tens of transactions, while another can have maybe 0 transaction, I guess it follows the Gassuian's distribution?
hmm- why can't a person simply setup their mining hardware to seek out the 1st transaction and submit it as a complete block with just the 1 trx immediately upon receipt?
Doesn't probability of finding an accurate block increase substantially as the # of transactions goes down?
No it does not increase the chances of finding a block that has a low enough hash as the number of TX goes down. It will take a little bit more time to broadcast the found block to the network as the block will be larger then it otherwise would be. Doesn't probability of finding an accurate block increase substantially as the # of transactions goes down?
Miners have incentives to include TXs in found blocks via TX fees that make up for the larger block size
Why would be bad looking at transactions, really?
There is nothing really bad at looking at transactions, it is just that it is not a very productive thing to be doing. 
http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
i laugh at people spending all day looking at transactions.. very boring life. whats next a topic about millions of transactions. then a topic about transactions with only fee's, then a topic about high value single transaction, then a topic about a sing transaction where the fee exceeds the value to destination. then a topic about single transaction to multiple destinations, then a topic about multiple origins to single destination. then a topic about any there boring transaction that is more boring then reading my waffle.
point is dont try to waste time trying to think about the reasons. in a country of 60million people+ you will find times where a single person wins the lottery, or a bunch of them, you will find times that one person protests his rights or thousands of people protest their rights,
in nature all possibilities are possible, so dont sweat the nature of bitcoins. it could be a slowday, it could be a miner that formed a block by ignoring other transactions. either way, life moves on, and so does the blockchain.
have a nice day
Dude, you make me feel bad!! Only thing worse than looking at transactions all days is clicking on a thread about looking at transactions all day. Yeah.
What he wanted to say is: "get a life!"
If you want to look at something all day, than make account on one of BTC exchanges and microtrade
http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
There are 84599 blocks with 1 Tx (coinbase transaction) till date...
http://blockr.io/trivia/block
EDIT: Yes, the miner made 200 BTC in TX fees, and received a 25 BTC block subsidy so they earned 225 BTC as the block subsidy had halved by then
http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
There are 84599 blocks with 1 Tx (coinbase transaction) till date...
http://blockr.io/trivia/block
EDIT: Yes, the miner made 200 BTC in TX fees, and received a 25 BTC block subsidy so they earned 225 BTC as the block subsidy had halved by then
Including more and more transactions usually brings more profit for the miner "from the fees" but originally it's not that required IMO, it must have been hard to spot something like that though
--snip--
The reward was paid to the address at:
http://www.reddit.com/r/Bitcoin/comments/1extr4/asicminer_mining_address/
I'm guessing the transaction fee was a mistake, or some sort of laundering.
Edit: It was a mistake, and ASICMiner refunded it.
So, ASICMiner address = 91.223.77.253
Again, http://www.wolframalpha.com/input/?i=91.223.77.253 => Kiev, Ukraine
Does it mean ASICMiner is mining from Kiev, Ukraine ?
200 Fee block was mined only once in the history of bitcoin...
http://blockr.io/block/info/254642
I would like to know if there is any way to know who mined it, i mean if any known player mined it, e.g. GHash.io, BTC Guild, Eligius etc ?
The reward was paid to the address at:http://blockr.io/block/info/254642
I would like to know if there is any way to know who mined it, i mean if any known player mined it, e.g. GHash.io, BTC Guild, Eligius etc ?
http://www.reddit.com/r/Bitcoin/comments/1extr4/asicminer_mining_address/
I'm guessing the transaction fee was a mistake, or some sort of laundering.
Edit: It was a mistake, and ASICMiner refunded it.
http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
There are 84599 blocks with 1 Tx (coinbase transaction) till date...
http://blockr.io/trivia/block
200 Fee block was mined only once in the history of bitcoin...
http://blockr.io/block/info/254642
I would like to know if there is any way to know who mined it, i mean if any known player mined it, e.g. GHash.io, BTC Guild, Eligius etc ?
Relayed By 91.223.77.253
http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
There are 84599 blocks with 1 Tx (coinbase transaction) till date...
http://blockr.io/trivia/block
200 Fee block was mined only once in the history of bitcoin...
http://blockr.io/block/info/254642
I would like to know if there is any way to know who mined it, i mean if any known player mined it, e.g. GHash.io, BTC Guild, Eligius etc ?
Often you will see this when two blocks are solved directly after one another (within seconds). But as far as I know, a miner does not need to include any transactions from others in a block.
http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
There are 84599 blocks with 1 Tx (coinbase transaction) till date...
http://blockr.io/trivia/block
http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
what is the deal here, no one placed a bitcoin transaction in 10 minutes? is that why this happened? cause most blocks have hundreds of transactions..
There are 84599 blocks with 1 Tx (coinbase transaction) till date...
http://blockr.io/trivia/block
10 minutes? This block was found 17 seconds after the previous one
Yup, there simply doesn't seem to be a new transaction reaching the miner's/pool's mempool at that point. It's pure variance: rare, yet totally 'normal'
hmm- why can't a person simply setup their mining hardware to seek out the 1st transaction and submit it as a complete block with just the 1 trx immediately upon receipt?
Doesn't probability of finding an accurate block increase substantially as the # of transactions goes down?
Doesn't probability of finding an accurate block increase substantially as the # of transactions goes down?
1. Because you still need to find the hash that is below the target.
2. No, the probability of finding a block under the hash is independent of the number of transactions in the block.
Miners can include anywhere from zero transactions up to the block size limit, it is solely up to the miner (or pool) who finds the block.
:-)
...
Actually, I too like looking at transactions to try and learn more about what is going on (I have been doing Bitcoin for only a few months). That includes looking at blockchain.info transactions. There are lots of things I do not understand about some types of transactions, yet I want to learn more about how it all works.
In fact, I have been looking for the textbook for "Blockchain Transaction Interpretation 101"...
I see nothing wrong with curiosity and wanting to learn more, especially about using BTC for financial discretion and self-protection. In fact I believe it is my duty to learn more!
Actually, I too like looking at transactions to try and learn more about what is going on (I have been doing Bitcoin for only a few months). That includes looking at blockchain.info transactions. There are lots of things I do not understand about some types of transactions, yet I want to learn more about how it all works.
In fact, I have been looking for the textbook for "Blockchain Transaction Interpretation 101"...
I see nothing wrong with curiosity and wanting to learn more, especially about using BTC for financial discretion and self-protection. In fact I believe it is my duty to learn more!
hmm- why can't a person simply setup their mining hardware to seek out the 1st transaction and submit it as a complete block with just the 1 trx immediately upon receipt?
Doesn't probability of finding an accurate block increase substantially as the # of transactions goes down?
Doesn't probability of finding an accurate block increase substantially as the # of transactions goes down?
How
Why would be bad looking at transactions, really?
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