Bitcoin Forum
May 04, 2024, 03:39:09 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: BLOCK creation only containing 1 transaction. Generation 50 BTC  (Read 1694 times)
zimmer4mp (OP)
Newbie
*
Offline Offline

Activity: 1
Merit: 0



View Profile
February 18, 2011, 01:25:53 AM
 #1

Hi Folks,
 Yes I'm a Newbie here at BitCoin, Newbie to Forums in general, so if I do something impolite or dumb , Sorry , let me know.
Found BitCoin from Security Now on the TWIT network podcast last week and find the BTC concept interesting.

So my question to the developers is:
If generating BTC's and paying myself for doing work, (processing transactions), why do I see Blocks , [ http://blockexplorer.com/ ] , being generated with just the one transaction for 50 BTC.
I think every Block should contain at least 2 transactions.

Any thoughts ?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714793949
Hero Member
*
Offline Offline

Posts: 1714793949

View Profile Personal Message (Offline)

Ignore
1714793949
Reply with quote  #2

1714793949
Report to moderator
1714793949
Hero Member
*
Offline Offline

Posts: 1714793949

View Profile Personal Message (Offline)

Ignore
1714793949
Reply with quote  #2

1714793949
Report to moderator
1714793949
Hero Member
*
Offline Offline

Posts: 1714793949

View Profile Personal Message (Offline)

Ignore
1714793949
Reply with quote  #2

1714793949
Report to moderator
genjix
Legendary
*
Offline Offline

Activity: 1232
Merit: 1072


View Profile
February 18, 2011, 02:35:33 AM
 #2

Actually adding transactions is optional. Some miners don't add them.
theymos
Administrator
Legendary
*
Offline Offline

Activity: 5194
Merit: 12968


View Profile
February 18, 2011, 03:16:45 AM
 #3

Even a block with just a generation transaction makes it more difficult for previous blocks to be reversed.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
theymos
Administrator
Legendary
*
Offline Offline

Activity: 5194
Merit: 12968


View Profile
February 18, 2011, 05:29:42 AM
 #4

The single transaction is the generation transaction that pays to the generator. All blocks must have at least this one transaction.

There just weren't any new transactions at that time, probably. There are tens of thousands of blocks like these. Blocks are created regardless of the number of transactions, and the hashing scheme is set up in such a way that adding transactions doesn't slow down hashing at all.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
G-Nugget
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
February 19, 2011, 08:48:41 AM
 #5

Since generating blocks only hashes the fixed length header, there isn't a disadvantage to having more transactions in a block.  The fees on transactions are an incentive for users to include transactions in blocks, as the generator of the block gets the fees as well.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!