Is there any reward for being the first to relay a transactions?

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Amph on July 16, 2017, 12:47:15 AM

there was once a tiny reward for those that were relying the transaction via tor browser as a proxy, but i'm not sure it's still ongoing, anyway was a matter of few satoshi not worth it

Source please. The closest I know is to run a Tor exit node and you can get paid. Bitnode did have a lottery for the top nodes with the best reliability, not the amount of transaction relayed.

Quote from: Amph on July 16, 2017, 12:47:15 AM

too bad node are not seen that important, if you are not a miners you are not securing anything, so you don't get anything, pretty much like a body guard, nodes are not body guard...

Nodes ARE important. In fact, they are as important as miners. They help to enforce the network rules. If everyone were to use an SPV client, we would be relying on other people to verify blocks and transactions. Attacks are way easier then.

Amph

legendary

Activity: 3248

Merit: 1070

there was once a tiny reward for those that were relying the transaction via tor browser as a proxy, but i'm not sure it's still ongoing, anyway was a matter of few satoshi not worth it

too bad node are not seen that important, if you are not a miners you are not securing anything, so you don't get anything, pretty much like a body guard, nodes are not body guard...

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Jammalan the Prophet on July 15, 2017, 07:34:55 PM

Quote from: foxbat on July 15, 2017, 07:29:20 PM

I think there is! There should be a bonus for those transferring the transaction. Bitcoin opens many deals to promote, attract financial capital from the participants. Forwarders are also involved.

There is a special place in hell for shitposters and it's getting crowded.

They have ICO signatures too. Wink

Quote from: MEEMxyz on July 15, 2017, 09:12:20 AM

And just for understanding better how Bitcoin works... wasn't that the actual thing that you do when mining? I am probably confusing terms here, right? Or maybe that was true when difficult was "just" 10 Thousand, not the 805 Billion that is today!

Anyway, since everyone except that one shitposter has given you the correct answer, I'll just address this.

No, relaying a transaction and mining is not the same thing. When you mine, you are using the computational power to continuously hash and find a hash that is lower than the target. The target gets lower when the difficulty gets higher. The block header includes the merkle root which basically contains the hash of your transaction. If your transaction gets into a block that fits the criteria, your transaction will be added to the blockchain.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: odolvlobo on July 15, 2017, 10:02:50 AM

Quote from: MEEMxyz on July 15, 2017, 09:12:20 AM

Maybe a too newbie question, but I am running a full node for months, and there are at least 1,000 transactions flagged that I was the first to relay them... do you get any kind of "reward" for that?

Nodes generally don't get paid for relaying transactions. I'm not sure why blockchain.info reports who first relayed the transaction and their location.

It is the information that is essential if you want to trace the origin of a transaction (in other words, if you want to deanonymize the payer). If you run a full node, it might be *you* who is creating this transaction. Or it might be a light wallet connected to your full node, at which point, looking at your internet connections around the time of the relay may indicate the IP number of the computer that was running the light wallet, indicating who might be the payer.

This is in fact one of the biggest advantages of running a full node: plausible deniability that you are the one sending out a transaction. (but you can also use a light wallet and, say, tor or a vpn).

Jammalan the Prophet

sr. member

Activity: 500

Merit: 250

Quote from: foxbat on July 15, 2017, 07:29:20 PM

I think there is! There should be a bonus for those transferring the transaction. Bitcoin opens many deals to promote, attract financial capital from the participants. Forwarders are also involved.

There is a special place in hell for shitposters and it's getting crowded.

foxbat

sr. member

Activity: 484

Merit: 250

Quote from: MEEMxyz on July 15, 2017, 09:12:20 AM

Maybe a too newbie question, but I am running a full node for months, and there are at least 1,000 transactions flagged that I was the first to relay them... do you get any kind of "reward" for that?

And just for understanding better how Bitcoin works... wasn't that the actual thing that you do when mining? I am probably confusing terms here, right? Or maybe that was true when difficult was "just" 10 Thousand, not the 805 Billion that is today!

Anyway, all my mining is via pools... so I have never even tried / understood how solo mining or the actual mining pool obtains rewards.

Any inputs?

Thanks!

I think there is! There should be a bonus for those transferring the transaction. Bitcoin opens many deals to promote, attract financial capital from the participants. Forwarders are also involved.

odolvlobo

legendary

Activity: 4522

Merit: 3426

Quote from: MEEMxyz on July 15, 2017, 09:12:20 AM

Maybe a too newbie question, but I am running a full node for months, and there are at least 1,000 transactions flagged that I was the first to relay them... do you get any kind of "reward" for that?

Nodes generally don't get paid for relaying transactions. I'm not sure why blockchain.info reports who first relayed the transaction and their location.

It seems odd to me that you are hashing for a mining pool, but you don't know how it works. It might be a good idea to find out.

MEEMxyz

newbie

Activity: 18

Merit: 0

Maybe a too newbie question, but I am running a full node for months, and there are at least 1,000 transactions flagged that I was the first to relay them... do you get any kind of "reward" for that?

And just for understanding better how Bitcoin works... wasn't that the actual thing that you do when mining? I am probably confusing terms here, right? Or maybe that was true when difficult was "just" 10 Thousand, not the 805 Billion that is today!

Anyway, all my mining is via pools... so I have never even tried / understood how solo mining or the actual mining pool obtains rewards.

Any inputs?

Thanks!

Topic: Is there any reward for being the first to relay a transactions? (Read 346 times)