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Author Topic: Description: Generated ??  (Read 745 times)
bb
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July 24, 2011, 04:51:13 PM
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Hi,

I just fired up my bitcoin client to check my new mining payouts (from pools) and found a new entry that just says "Generated". It is about 0.44 BTC.

It appears neither in "Sent" nor in "Received", only in "All Transactions".

What is this?
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There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
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July 24, 2011, 04:52:45 PM
 #2

Hi,

I just fired up my bitcoin client to check my new mining payouts (from pools) and found a new entry that just says "Generated". It is about 0.44 BTC.

It appears neither in "Sent" nor in "Received", only in "All Transactions".

What is this?
This happens if you were on eligius, and werent there for a week. So you get paid whatever you had left.
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July 24, 2011, 05:05:55 PM
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How can a transaction from eligius say "Generated" instead of "Received with: ..." ?
EricJ2190
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July 24, 2011, 05:14:16 PM
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When a block is generated, it can divide the block among multiple addresses in any way it wants. Most pools claim the whole 50 BTC themselves and then pay the users afterwards. Eligius, however, just puts users' addresses right into the generated coins transaction. The coins are never actually sent from anywhere, they are essentially just claimed on your behalf.
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July 24, 2011, 05:30:04 PM
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Thanks for clearing that up.  Smiley
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