can someone explain this transaction?

BTime

newbie

Activity: 18

Merit: 0

I do not know your understanding of transactions. This is not meant to be insulting, just hopefully informative.

I am not an expert, but based on my study of transactions, it depends on what the wallet generated for the transaction. Only enough transactions should be included to cover the amount being transferred out. Whatever generated the transaction appears might have included all unspent transactions in the wallet for the source funds. It does not list what the amount in each transaction was at the time, so this is laborious to determine based on the info provided. It does not show what happened to the bit-change. I appears it went back into the source account.

Even if you have/use only one account number, a transaction is defined by previous transactions for the source funds. This can make for a long list depending on how the transactions are selected. Transactions are not pooled like a bank (except having the same account number); they remain separate. If multiple account numbers are involved, the transaction gets longer. The shotgun approach would be to throw everything at the transaction and let the change/excess go to the change account. This would be a very poor approach.

See: https://en.bitcoin.it/wiki/Transaction

Raoul Duke

legendary

Activity: 1358

Merit: 1002

Quote from: zvs on June 22, 2012, 09:47:51 AM

Quote from: Raoul Duke on June 22, 2012, 09:45:32 AM

Quote from: zvs on June 22, 2012, 09:36:54 AM

i post this in newbies forum since it's probably something simple, but

https://blockchain.info/tx-index/10234706/4664a0e0662789e5db879512440a2ce4978cf172d03ce10fcd78981c3f7decb1

it shows 50 bitcoins going to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

one of the input addresses:

https://blockchain.info/address/1qT6e3nDLqUyeWRcQETWF4Yv7SbZQQTa4

shows it as sending 50 bitcoins to 1JLN*

all the input addresses show the same thing, 50 btc to that address

i'm guessing this is just a bug in blockchain.info's method of reporting transactions?

Not exactly. The input addresses sent minor amounts but the transaction output was of 50 BTC.
The 50BTC you talk is the output. The inputs are composed of smaller values. I see nothing strange in that transaction.

yeah, that's what i thought.

it's just blockchain.info showing total output to an address instead of specific output from that particular address

which to me, seems like it should be changed

ed:

for example, this input address:

https://blockchain.info/address/1CbVKwzDqjvbjhuUHinkXCN89rBHUSxfHS

should show 1.52629968 outgoing to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

And it does. It shows it in the left side, where the inputs are listed.
Blockchain.info doesn't need to change anything.

zvs

legendary

Activity: 1680

Merit: 1000

https://web.archive.org/web/*/nogleg.com

Quote from: Raoul Duke on June 22, 2012, 09:45:32 AM

Quote from: zvs on June 22, 2012, 09:36:54 AM

i post this in newbies forum since it's probably something simple, but

https://blockchain.info/tx-index/10234706/4664a0e0662789e5db879512440a2ce4978cf172d03ce10fcd78981c3f7decb1

it shows 50 bitcoins going to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

one of the input addresses:

https://blockchain.info/address/1qT6e3nDLqUyeWRcQETWF4Yv7SbZQQTa4

shows it as sending 50 bitcoins to 1JLN*

all the input addresses show the same thing, 50 btc to that address

i'm guessing this is just a bug in blockchain.info's method of reporting transactions?

Not exactly. The input addresses sent minor amounts but the transaction output was of 50 BTC.
The 50BTC you talk is the output. The inputs are composed of smaller values. I see nothing strange in that transaction.

yeah, that's what i thought.

it's just blockchain.info showing total output to an address instead of specific output from that particular address

which to me, seems like it should be changed

ed:

for example, this input address:

https://blockchain.info/address/1CbVKwzDqjvbjhuUHinkXCN89rBHUSxfHS

should show 1.52629968 outgoing to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

Raoul Duke

legendary

Activity: 1358

Merit: 1002

Quote from: zvs on June 22, 2012, 09:36:54 AM

i post this in newbies forum since it's probably something simple, but

https://blockchain.info/tx-index/10234706/4664a0e0662789e5db879512440a2ce4978cf172d03ce10fcd78981c3f7decb1

it shows 50 bitcoins going to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

one of the input addresses:

https://blockchain.info/address/1qT6e3nDLqUyeWRcQETWF4Yv7SbZQQTa4

shows it as sending 50 bitcoins to 1JLN*

all the input addresses show the same thing, 50 btc to that address

i'm guessing this is just a bug in blockchain.info's method of reporting transactions?

Not exactly. The input addresses sent minor amounts but the transaction output was of 50 BTC.
The 50BTC you talk is the output. The inputs are composed of smaller values. I see nothing strange in that transaction.

zvs

legendary

Activity: 1680

Merit: 1000

https://web.archive.org/web/*/nogleg.com

i post this in newbies forum since it's probably something simple, but

https://blockchain.info/tx-index/10234706/4664a0e0662789e5db879512440a2ce4978cf172d03ce10fcd78981c3f7decb1

it shows 50 bitcoins going to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

one of the input addresses:

https://blockchain.info/address/1qT6e3nDLqUyeWRcQETWF4Yv7SbZQQTa4

shows it as sending 50 bitcoins to 1JLN*

all the input addresses show the same thing, 50 btc to that address

i'm guessing this is just a bug in blockchain.info's method of reporting transactions?

Topic: can someone explain this transaction? (Read 700 times)