Blockchain questions | Bitcointalksearch.org

PlayCryptour

newbie

Activity: 54

Merit: 0

Quote from: trex1981 on April 29, 2015, 12:53:57 PM

Sorry for asking, I cant searching too much, please tell me how can I can became a transactions confirmer?

Thanks!

You'll first have to have a PhD in accounting, and have at least 20 years of experience working for large global corps. You should not be afraid to handle massive amount of transactions everyday and MUST be willing to work overtime.

Just kidding...

Miners are the "transactions confirmer".

DannyHamilton

legendary

Activity: 3472

Merit: 4794

Quote from: trex1981 on April 29, 2015, 12:53:57 PM

Sorry for asking, I cant searching too much, please tell me how can I can became a transactions confirmer?

Thanks!

Purchase bitcoin mining equipment.
Choose a mining pool.
Connect and configure the equipment.
Pay for the electricity costs.

Mining will cost money (to buy the equipment and pay for the electricity).

Depending on how much you pay for the equipment, how high your electricity costs are, you might be able to make a profit. Many people who attempt mining do it as a hobby for fun, knowing that they are losing money to do it.

tyz

legendary

Activity: 3360

Merit: 1533

Your question has been answered dozens of times on the forum before. Just try to use the board search before asking. Alternatively, google to get your question answered. If you have no success then you can ask here.

BiTJack

hero member

Activity: 806

Merit: 1000

Quote from: trex1981 on April 29, 2015, 12:53:57 PM

Sorry for asking, I cant searching too much, please tell me how can I can became a transactions confirmer?

Those individuals are called miners. You have to buy some ASICS at this stage of mining to get anything in return.

trex1981

newbie

Activity: 10

Merit: 0

Sorry for asking, I cant searching too much, please tell me how can I can became a transactions confirmer?

Thanks!

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

Quote from: trex1981 on April 29, 2015, 11:57:15 AM

Can you tell me who is working on transactions confirmations?

More questions later!

Pretty much every miner on the planet.

juju

sr. member

Activity: 381

Merit: 250

Quote from: trex1981 on April 29, 2015, 11:57:15 AM

Can you tell me who is working on transactions confirmations?

More questions later!

Here is some information on confirmations: https://en.bitcoin.it/wiki/Confirmation

Above Wiki has some good information regarding Bitcoin in general, it is a good place to start to learn details about how Bitcoin works.

In essence the number of confirmations is equivalent to the number of blocks deep the transaction sits in. As miners solve new blocks, they are strengthening the confirmation of your previous transactions. The further 'down' your transaction sits in the chain the less likely it is someone can double spend those outputs. Described In Section 11 - https://bitcoin.org/bitcoin.pdf

Amph

legendary

Activity: 3248

Merit: 1070

the bitcoin wiki, is very good in explaining all those basic stuff, newbies should check it often

https://en.bitcoin.it/wiki/Confirmation

trex1981

newbie

Activity: 10

Merit: 0

Can you tell me who is working on transactions confirmations?

More questions later!

Topic: Blockchain questions (Read 680 times)