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Title: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: Moria843 on June 04, 2014, 10:00:06 PM While mining in the slush pool, I was credited with finding my first block (304223). Who-WA!
But when I look at it on blockchain it shows 0 transaction volume and 0 fees. The only transaction listed is the 25 BTC mining award. I've never seen a block like this before and didn't think it could happen since the purpose of mining is to create blocks of transactions. Is this unique or does it happen a lot? Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: BaalMcKloud on June 04, 2014, 10:04:56 PM :o
nothing to worry ;D sometimes its happen ;D ;D Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: cr1776 on June 04, 2014, 10:23:03 PM Miners can include transactions or not. Some pools do not include any to decrease propagation time. It can also happen if there were no transactions to include, for example if blocks are found close together.
Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: eigenjoy on June 05, 2014, 12:10:39 AM Yes this can happen sometimes. It's allowed because it's not rational over the long term from a game theory perspective. E.g. if all the miners decided to mine blocks with zero transactions simply for the block reward, then no transactions would flow through the network.
With no transactions the network would be useless and then the reward would be worthless. Thankfully, it's not any harder to mine a block with transactions than without[1], so this shouldn't be a problem long term. [1] Other than the fact that larger blocks can take a longer time to transfer across the network. Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: ashleysly on June 05, 2014, 12:18:20 AM This actually is common. I have been on a few pools and have found previous blocks where this has happened. At least you found a block, which is very difficult.
Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: TheGambler on June 05, 2014, 12:18:33 AM Im sure you will still be credited for that block
It's no worries, it happens sometimes Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: BurtW on June 05, 2014, 12:30:06 AM I am curious, can someone run a quick script and find out the number of blocks that have no transactions? Would be an interesting statistic/graph, especially displayed over time (% empty vs time). I expect this was more common in the early days, less common now. More common a while back when there was a botnet doing it on purpose, etc.
Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: TheGambler on June 05, 2014, 12:33:03 AM I am curious, can someone run a quick script and find out the number of blocks that have no transactions? Would be an interesting statistic/graph, especially displayed over time (% empty vs time). I expect this was more common in the early days, less common now. More common a while back when there was a botnet doing it on purpose, etc. doesnt sound to complicated to createAll you need is the blockchain API, right? Make a thread! Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: cinnamon_carter on June 05, 2014, 03:13:19 AM Congratulations !!! with difficulty at an all time high (so far) I think it's really cool you solved a block !!
Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: Foxpup on June 05, 2014, 04:01:27 AM This block was, by chance, found only 39 seconds after the previous one. It is likely that no new transactions were made during that time. These blocks are still useful, as they made it more difficult to double-spend previous transactions.
Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: SelbyTsang on June 05, 2014, 10:39:25 AM This block was, by chance, found only 39 seconds after the previous one. It is likely that no new transactions were made during that time. These blocks are still useful, as they made it more difficult to double-spend previous transactions. Exactly. Block #304223 was found on 2014-06-04 15:55:01. https://blockchain.info/block-index/437709 Block #304222 was found on 2014-06-04 15:54:22. https://blockchain.info/block-index/437708 Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: Moria843 on June 05, 2014, 02:18:06 PM Congratulations !!! with difficulty at an all time high (so far) I think it's really cool you solved a block !! Thanks. By the way, enjoyed you in Mission Impossible! ;)Title: Re: I found a block but only transaction it contains is the 25 BTC mining award??? Post by: Muhammed Zakir on June 05, 2014, 03:54:51 PM Thanks for posting this. It helps a lot of people from being worried.
Kindly, Muhammed Zakhir |