Thanks so much for the "Newbie" section! It's great to have a place where I feel like I am not reducing the level of discourse by a factor of ten. I posted this at the "Intro Yourself" but then thought that might not be the right place to ask an involved question so I wanted to start a thread for it. (Hope that OK). I've seen it partially answered before but without the specifics I am interested in addressed, so please bear with me if this has been asked and answered a thousand times:
I purchased 5 BTC from a private seller and gave them my Electrum generated 'receive' address. This was last night. I am not so much worried that I have not received the BTC as I am that I don't see the address (is this a hash?) when I search for it at either blockchain.info or blockexplorer. B.E. returned a report that the address was "First Seen/Never used on the network" and B.C. shows "No. of Transactions - 0"
The BTC should have been sent about 7 hours ago. I have checked my wallet against the BlockExplorer block count and they are both showing 229662. I sort of understand that the transactions are verified as a function of their block being mined/solved(?) and I guess it could be that it hasn't yet, but shouldn't it have appeared somewhere in these records by now if the send was initiated on his end? I am told it will need 6 verifications, so I also am wondering will it only show after all 6 or after the very first?
My wallet is set to .0001 for transaction fee but I guess maybe that's only if I am sending?
Finally, I have the Electrum wallet installed and running but no other software installed as I haven't started mining. Is this a problem for receiving?
I know it's a lot of questions, but I promise I am a quick learner and you won't have to tell me twice
