Author

Topic: Processing transactions for others to gain fees? (Read 513 times)

legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Quote
we're working on solving blocks for "new" BTC, and we're solving other blocks that are created during wallet transfers?
More or less yes. Mining find blocks, when a block is found, the miner (the pool in this case) put inside it the transactions and also the transaction of the "new" BTC.
newbie
Activity: 56
Merit: 0
Confirming (putting them in a block) transactions IS exactly why mining exist.  Cheesy

OK, so when I participate in a mining pool, we're working on solving blocks for "new" BTC, and we're solving other blocks that are created during wallet transfers?

Thanks!
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Confirming (putting them in a block) transactions IS exactly why mining exist.  Cheesy
newbie
Activity: 56
Merit: 0
Am I correct that in bitcoin this is baked into normal mining activities?  This isn't something I can just point my bitcoind at and start processing transactions for others?
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