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Author Topic: Block with only 1 transaction  (Read 1887 times)
faince222
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July 10, 2014, 09:00:32 PM
 #21

Including more and more transactions usually brings more profit for the miner "from the fees" but originally it's not that required IMO, it must have been hard to spot something like that though
DannyElfman
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July 11, 2014, 05:00:06 AM
 #22

http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86

what is the deal here, no one placed a bitcoin transaction in 10 minutes?  is that why this happened?  cause most blocks have hundreds of transactions..

There are 84599 blocks with 1 Tx (coinbase transaction) till date...

http://blockr.io/trivia/block
Wow look at the blocks with the highest fees on that site...200btc fee? Does that mean that miners have made 250 coins on that single block?
It looks like that someone make a very big mistake when making a TX.

EDIT: Yes, the miner made 200 BTC in TX fees, and received a 25 BTC block subsidy so they earned 225 BTC as the block subsidy had halved by then

This spot for rent.
DubFX
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July 11, 2014, 07:40:06 AM
 #23

http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86

what is the deal here, no one placed a bitcoin transaction in 10 minutes?  is that why this happened?  cause most blocks have hundreds of transactions..

There are 84599 blocks with 1 Tx (coinbase transaction) till date...

http://blockr.io/trivia/block
Wow look at the blocks with the highest fees on that site...200btc fee? Does that mean that miners have made 250 coins on that single block?
It looks like that someone make a very big mistake when making a TX.

EDIT: Yes, the miner made 200 BTC in TX fees, and received a 25 BTC block subsidy so they earned 225 BTC as the block subsidy had halved by then
Someone already explained that they added that high fee as a mistake and that person who mined it gave it back to its owner, firstly miner had to be so happy but then the person who got it back was happy even more i guess,
ljudotina
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July 11, 2014, 07:55:54 AM
 #24

http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86

what is the deal here, no one placed a bitcoin transaction in 10 minutes?  is that why this happened?  cause most blocks have hundreds of transactions..

i laugh at people spending all day looking at transactions.. very boring life. whats next a topic about millions of transactions. then a topic about transactions with only fee's, then a topic about high value single transaction, then a topic about a sing transaction where the fee exceeds the value to destination. then a topic about single transaction to multiple destinations, then a topic about multiple origins to single destination. then a topic about any there boring transaction that is more boring then reading my waffle.

point is dont try to waste time trying to think about the reasons. in a country of 60million people+ you will find times where a single person wins the lottery, or a bunch of them, you will find times that one person protests his rights or thousands of people protest their rights,

in nature all possibilities are possible, so dont sweat the nature of bitcoins. it could be a slowday, it could be a miner that formed a block by ignoring other transactions. either way, life moves on, and so does the blockchain.

have a nice day


Dude, you make me feel bad!! Only thing worse than looking at transactions all days is clicking on a thread about looking at transactions all day. Yeah.



What he wanted to say is: "get a life!"
If you want to look at something all day, than make account on one of BTC exchanges and microtrade  Grin

Harley997
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July 11, 2014, 11:28:29 PM
 #25

Why would be bad looking at transactions, really?

 Roll Eyes
There is nothing really bad at looking at transactions, it is just that it is not a very productive thing to be doing.

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PRIMEDICE
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hollowframe
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July 14, 2014, 02:50:26 AM
 #26

hmm- why can't a person simply setup their mining hardware to seek out the 1st transaction and submit it as a complete block with just the 1 trx immediately upon receipt? 

Doesn't probability of finding an accurate block increase substantially as the # of transactions goes down?
No it does not increase the chances of finding a block that has a low enough hash as the number of TX goes down. It will take a little bit more time to broadcast the found block to the network as the block will be larger then it otherwise would be.

Miners have incentives to include TXs in found blocks via TX fees that make up for the larger block size
littlewizard
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July 14, 2014, 05:16:22 AM
 #27

Transactions are random, sometimes it one block can have tens of transactions, while another can have maybe 0 transaction, I guess it follows the Gassuian's distribution?
DubFX
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July 14, 2014, 09:53:44 AM
 #28

Transactions are random, sometimes it one block can have tens of transactions, while another can have maybe 0 transaction, I guess it follows the Gassuian's distribution?
Most of blocks have 100s of transactions

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