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Author Topic: Description: Generated ??  (Read 856 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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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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dikidera
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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: ..." ?
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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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