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Author Topic: Processing transactions for others to gain fees?  (Read 515 times)
bitcoinnix (OP)
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March 15, 2013, 04:59:20 PM
 #1

Am I correct that in bitcoin this is baked into normal mining activities?  This isn't something I can just point my bitcoind at and start processing transactions for others?
Gabi
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March 15, 2013, 05:05:48 PM
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Confirming (putting them in a block) transactions IS exactly why mining exist.  Cheesy

bitcoinnix (OP)
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March 15, 2013, 05:15:53 PM
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Confirming (putting them in a block) transactions IS exactly why mining exist.  Cheesy

OK, so when I participate in a mining pool, we're working on solving blocks for "new" BTC, and we're solving other blocks that are created during wallet transfers?

Thanks!
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March 15, 2013, 05:39:13 PM
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we're working on solving blocks for "new" BTC, and we're solving other blocks that are created during wallet transfers?
More or less yes. Mining find blocks, when a block is found, the miner (the pool in this case) put inside it the transactions and also the transaction of the "new" BTC.

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