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Bitcoin => Bitcoin Discussion => Topic started by: Crypto Piece on December 31, 2017, 06:07:13 PM



Title: What happened to Block 501915?
Post by: Crypto Piece on December 31, 2017, 06:07:13 PM
The block was mined with only 1 transaction and the transaction value is exactly 12.5 BTC. I don't think this is a coincidence that this value equates to the reward of successful block mined. Is there any connection with the block that had 1 transaction where the miner never collected the reward?

https://blockchain.info/block/0000000000000000004982f753c0cc52f9535c45a7df720c5e02cd4ecc0a38a8

-Crypto Piece


Title: Re: What happened to Block 501915?
Post by: HeRetiK on December 31, 2017, 06:17:24 PM
The block was mined with only 1 transaction and the transaction value is exactly 12.5 BTC. I don't think this is a coincidence that this value equates to the reward of successful block mined. Is there any connection with the block that had 1 transaction where the miner never collected the reward?

https://blockchain.info/block/0000000000000000004982f753c0cc52f9535c45a7df720c5e02cd4ecc0a38a8

-Crypto Piece

It has nothing to do with the miner that never collected the reward, it's just a miner that has mined an empty block. Even if the mempool is full a block may contain no transactions and still be valid. It happens from time to time, unfortunately. The single transaction within the block is simply the block reward as you very well observed.


Title: Re: What happened to Block 501915?
Post by: hatshepsut93 on December 31, 2017, 06:24:45 PM
The block was mined with only 1 transaction and the transaction value is exactly 12.5 BTC. I don't think this is a coincidence that this value equates to the reward of successful block mined. Is there any connection with the block that had 1 transaction where the miner never collected the reward?

https://blockchain.info/block/0000000000000000004982f753c0cc52f9535c45a7df720c5e02cd4ecc0a38a8

-Crypto Piece

It has nothing to do with the miner that never collected the reward, it's just a miner that has mined an empty block. Even if the mempool is full a block may contain no transactions and still be valid. It happens from time to time, unfortunately. The single transaction within the block is simply the block reward as you very well observed.

To be more specific, empty blocks occur shortly after a block was found, because miners haven't assembled a new block of transactions yet, but it would be a waste of time to just sit and wait for it to happen, so they start with mining empty blocks after they discover new blocks on the network. The probability of it happening is quite low, but it still happens from time to time.
Also, slush pool has made an official statement that they will never mine an empty block if there are transactions in mempool.


Title: Re: What happened to Block 501915?
Post by: Anti-Cen on December 31, 2017, 06:26:47 PM
Sounds like more bug in the software to me so do these greedy miner have to pay
$45 from the prize money to receive payment like the rest of us have to put up with
 


Title: Re: What happened to Block 501915?
Post by: randy321 on December 31, 2017, 06:34:00 PM
At the time it seemed that the fee wasn't high enough, so it wasn't picked up.  At least that's what it looked like.