Virgin Coins

[jamesg]

A block with no transactions it only takes and gives nothing back to the host (the btc network if that did not filter into your brain) hence a parasite.

Who ever said to make a block with no transactions? We are talking about COINS with no transactions.

Let me give you an example, maybe that will help you understand better.

http://blockchain.info/tx/3ea44e636930806ef302022f6e770ec6e4b6edcbd1dd965cd0ca0731d388a1f8

Take a look at the link above and you will see "No Inputs (Newly Generated Coins)". This is what I mean about COINS without a transaction history.

Make sense?

[Raize]

My idea is to simply give non miners a chance to also own coin without a transaction history.

I think it's a great idea.

The premium on this service isn't terribly high, if you're lucky, maybe as high as 5%. This is mostly because services/methods like the Blockchain.info mixing service and Litecoin swaps exist and charge under 2%, and the novelty benefit isn't worth much more than that. But these aren't blocks, maybe blocks themselves would be worth a lot. I offer no evidence as to why I know this, but that's my input regardless.

And, that's not to say such a thing couldn't or won't change. Maybe they'll be worth a fortune someday.

I just thought it was funny as this is like a rehashing of what's already been done with Eligius and P2Pool. If there was a high demand for virgin coin, you would see people request it more often.

[SAC]

A block with no transactions it only takes and gives nothing back to the host (the btc network if that did not filter into your brain) hence a parasite.

Who ever said to make a block with no transactions? We are talking about COINS with no transactions.

Let me give you an example, maybe that will help you understand better.

http://blockchain.info/tx/3ea44e636930806ef302022f6e770ec6e4b6edcbd1dd965cd0ca0731d388a1f8

Take a look at the link above and you will see "No Inputs (Newly Generated Coins)". This is what I mean about COINS without a transaction history.

Make sense?

Not at all that block is greater than the 50 it was supposed to be so has old coin included in it to be a virgin block it has to have no transactions. As I have said before this is just another scheme to separate people from their BTC nothing else.

[JWU42]

A block with no transactions it only takes and gives nothing back to the host (the btc network if that did not filter into your brain) hence a parasite.

Who ever said to make a block with no transactions? We are talking about COINS with no transactions.

Let me give you an example, maybe that will help you understand better.

http://blockchain.info/tx/3ea44e636930806ef302022f6e770ec6e4b6edcbd1dd965cd0ca0731d388a1f8

Take a look at the link above and you will see "No Inputs (Newly Generated Coins)". This is what I mean about COINS without a transaction history.

Make sense?

The pool could also "pimp your block" with comments in the coinbase field  .  Note the link above was mined by /Coinlab/

[Phinnaeus Gage]

Too bad virgincoins.com is already taken. Imagine if Sir Richard Branson put his name on such a project.

Sir Richard Branson Becomes a Numismatists with Vigin Coins

[Ploo]

This could be a service pool operators offer.

• Bids are placed by depositing bitcoins and specifying a payout address
• When a block is mined a bid is filled starting with the best offer.
• Mined bitcoins are sent to the bidder, bidders bitcoins are send to the miners.

[BkkCoins]

This could be a service pool operators offer.

• Bids are placed by depositing bitcoins and specifying a payout address
• When a block is mined a bid is filled starting with the best offer.
• Mined bitcoins are sent to the bidder, bidders bitcoins are send to the miners.

Already suggested above... by me.

[Monster Tent]

giga would mine them for you then once hes done so extort an apostille that you wont spend them illegally.

[JWU42]

Bump - mining away (solo) and would be happy to offer the next block for an 8% premium (27 BTC).

One would just need to send me the BTC and address to mine against.

[BTCGOLD]

A Virgin Coin that has been moved once isnt worth anything more!

[JWU42]

A Virgin Coin that has been moved once isnt worth anything more!

Exactly why I would mine it to a BTC address provided - which should obviously be a new address.

As to what premium the market will bear - I guess that is for us all to learn...

[JWU42]

Bump - any interest or is this a dead horse?

[Astro]

100% of Atlas's coins are virgin, just like the owner.

[Garr255]

100% of Atlas's coins are virgin, just like the owner.

Hehehe

[JWU42]

OK - dead it is....

[westkybitcoins]

OK - dead it is....

I might be interested in a fraction of a block. Say, if the coinbase transaction split the 25 BTC evenly among 5 different addresses, one of them being mine.

Out of curiosity though, how often do you find a block mining solo?

[JWU42]

Will need to do some reading on multiple addresses for the coinbase transaction.

[camolist]

Will need to do some reading on multiple addresses for the coinbase transaction.

it's for sure possible (see p2pool payouts) i wouldn't be of any help on the how-tos though sorry!

[BkkCoins]

Will need to do some reading on multiple addresses for the coinbase transaction.

Eligius pool also sends out many payments from the coinbase. So just look at one of it's blocks and see how the coinbase is done. It's probably just a regular transaction on the outputs side.

[franky1]

dunno why it was bumped.

but maybe there is a slight premium for coins that have less then 4 hops from a miner, so that they are atleast classed as clean.

even bank notes leave the mint. the delivery driver 1 drives it to the central security vault. another driver moves it cross country. the bank teller counts it up before putting it into an ATM.

so even those wanting to trade dirty bank notes think there is value in ATM new notes.

no need to reply