Bitcoin Forum

http://blockexplorer.com/block/00000000000007003fb47df9f520e292413501053b1e337a2349c093ffc6667e
Size?: 334.491 kilobytes

send 0.00000001 BTC, who did this

Anonymous did it ;)

But what was the reason :> ?

This will inevitably continue to happen.  Why?  Because it can.  This is exactly why Transaction Fees will become more and more important as the system balloons.

so can you explain that and the transaction fees?

Do we also mine those blocks? the transactions themselves? How does a fee get added on?

i'm on a pool and i noticed the solved blocks tend to all be a tiny bit over 50, is that the fees?

and what you can generate any size block?


stupid newb if you cant tell

A transaction can include a fee to give miners an incentive to include the transaction in any block they mine. The fee goes to the miner who includes the transaction in a block that gets into the chain.

Before a miner starts hashing, he generates the block he hopes to add to the chain. He can include whatever valid transactions he wants in that block. The fees for that transaction go to him.

Yes.

There is a maximum block size, but I don't recall what it is offhand. But a miner can include no transactions or fill the block with transactions (assuming he can find enough valid ones). It's all up to him.

There are no stupid questions, just people who stay stupid because they don't ask questions.

awesome thanks for the lesson, the transaction fees always confused me and no one seems to really talk about tem