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Title: Blockchain questions Post by: trex1981 on April 29, 2015, 03:57:15 PM Can you tell me who is working on transactions confirmations?
More questions later! Title: Re: Blockchain questions Post by: Amph on April 29, 2015, 04:22:40 PM the bitcoin wiki, is very good in explaining all those basic stuff, newbies should check it often
https://en.bitcoin.it/wiki/Confirmation Title: Re: Blockchain questions Post by: juju on April 29, 2015, 04:24:41 PM 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 Title: Re: Blockchain questions Post by: jonnybravo0311 on April 29, 2015, 04:25:18 PM Can you tell me who is working on transactions confirmations? Pretty much every miner on the planet.More questions later! Title: Re: Blockchain questions Post by: trex1981 on April 29, 2015, 04:53:57 PM Sorry for asking, I cant searching too much, please tell me how can I can became a transactions confirmer?
Thanks! :) :) Title: Re: Blockchain questions Post by: BiTJack on April 29, 2015, 04:57:33 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 (https://www.youtube.com/watch?v=JqnbtFHlOsA) at this stage of mining to get anything in return. Title: Re: Blockchain questions Post by: tyz on April 29, 2015, 05:43:25 PM 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.
Title: Re: Blockchain questions Post by: DannyHamilton on April 29, 2015, 06:08:28 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. Title: Re: Blockchain questions Post by: PlayCryptour on April 30, 2015, 12:38:18 AM 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". |