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Title: Where exactly are these Bitcoins mined from? Post by: justmyname on October 20, 2013, 01:28:16 AM I would think they would be on server computers? But then it would be easy to trace? Am I missing something? This doesn't add up.
Title: Re: Where exactly are these Bitcoins mined from? Post by: gmaxwell on October 20, 2013, 01:47:44 AM Are you asking about all bitcoins in the Bitcoin system?
The newly created aren't mined "from" anywhere, they are simply introduced to the system out of thin air. See https://en.bitcoin.it/wiki/Mining for more information. Title: Re: Where exactly are these Bitcoins mined from? Post by: justmyname on October 20, 2013, 02:23:48 AM Are you asking about all bitcoins in the Bitcoin system? The newly created aren't mined "from" anywhere, they are simply introduced to the system out of thin air. See https://en.bitcoin.it/wiki/Mining for more information. Must be coming from the original Client I would guess. Title: Re: Where exactly are these Bitcoins mined from? Post by: jl2012 on October 20, 2013, 04:02:58 AM Are you asking about all bitcoins in the Bitcoin system? The newly created aren't mined "from" anywhere, they are simply introduced to the system out of thin air. See https://en.bitcoin.it/wiki/Mining for more information. Must be coming from the original Client I would guess. Why must? And you don't need to guess. Just read before you ask: https://en.bitcoin.it/wiki/Mining Title: Re: Where exactly are these Bitcoins mined from? Post by: zvs on October 20, 2013, 08:27:01 AM siliciclastic reservoirs
Title: Re: Where exactly are these Bitcoins mined from? Post by: justmyname on October 20, 2013, 08:29:11 AM Are you asking about all bitcoins in the Bitcoin system? The newly created aren't mined "from" anywhere, they are simply introduced to the system out of thin air. See https://en.bitcoin.it/wiki/Mining for more information. Must be coming from the original Client I would guess. Why must? And you don't need to guess. Just read before you ask: https://en.bitcoin.it/wiki/Mining That article is like a block breakdown diagram of words that don't go into any detail. Title: Re: Where exactly are these Bitcoins mined from? Post by: justmyname on October 20, 2013, 08:32:56 AM siliciclastic reservoirs That's more of an actual answer but I don't know what that terminology means. Title: Re: Where exactly are these Bitcoins mined from? Post by: zvs on October 20, 2013, 01:04:02 PM siliciclastic reservoirs That's more of an actual answer but I don't know what that terminology means. http://en.wikipedia.org/wiki/Bitcoin_mining#Bitcoin_mining Title: Re: Where exactly are these Bitcoins mined from? Post by: justmyname on October 20, 2013, 02:05:26 PM So the miners aren't really mining. They are doing work by completing the Bitcoin transactions. Rewarded with the newly issued Bitcoins. When a block of work is done they are paid a certain amount of coins.
Calling them workers instead of miners would clear up a lot of confusion. But then you would miss out on the gold fever mentality, mob rush. Title: Re: Where exactly are these Bitcoins mined from? Post by: Raoul Duke on October 20, 2013, 02:10:25 PM So the miners aren't really mining. They are doing work by completing the Bitcoin transactions. Rewarded with the newly issued Bitcoins. When a block of work is done they are paid a certain amount of coins. Calling them workers instead of miners would clear up a lot of confusion. But then you would miss out on the gold fever mentality, mob rush. I think you may need to start here (http://bitcoin.org/bitcoin.pdf) before jumping to the wiki. And yes, what you described is mostly correct. EDIT: Why da fuck doesn't bitcoin.org have SSL? It doesn't even redirect to plain HTTP, just gives a Server Not Found browser error page. Awesome! ::) Title: Re: Where exactly are these Bitcoins mined from? Post by: jl2012 on October 20, 2013, 02:26:50 PM When a block of work is done they are paid a certain amount of coins. Mostly correct. Actually, anyone can mint ANY amount of new bitcoin out the thin air. However, only those minted based on agreed rules will be accepted by other people. Title: Re: Where exactly are these Bitcoins mined from? Post by: Dabs on October 22, 2013, 05:20:12 AM It grows on trees..... Merkle trees?
Title: Re: Where exactly are these Bitcoins mined from? Post by: hayek on October 22, 2013, 12:18:35 PM You should probably read the white paper
Title: Re: Where exactly are these Bitcoins mined from? Post by: Dabs on October 24, 2013, 01:10:45 AM I was joking. Of course, I know they're generated from thin air. (Or thick air.) Actually, they're mined from a vacuum.
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