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Author Topic: Where exactly are these Bitcoins mined from?  (Read 1773 times)
justmyname (OP)
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October 20, 2013, 01:28:16 AM
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I would think they would be on server computers? But then it would be easy to trace? Am I missing something? This doesn't add up.
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October 20, 2013, 01:47:44 AM
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Are you asking about all bitcoins in the Bitcoin system?

The newly created aren't mined "from" anywhere, they are simply introduced to the system out of thin air. See https://en.bitcoin.it/wiki/Mining for more information.
justmyname (OP)
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October 20, 2013, 02:23:48 AM
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Are you asking about all bitcoins in the Bitcoin system?

The newly created aren't mined "from" anywhere, they are simply introduced to the system out of thin air. See https://en.bitcoin.it/wiki/Mining for more information.


Must be coming from the original Client I would guess.
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October 20, 2013, 04:02:58 AM
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Are you asking about all bitcoins in the Bitcoin system?

The newly created aren't mined "from" anywhere, they are simply introduced to the system out of thin air. See https://en.bitcoin.it/wiki/Mining for more information.


Must be coming from the original Client I would guess.

Why must? And you don't need to guess. Just read before you ask: https://en.bitcoin.it/wiki/Mining

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October 20, 2013, 08:27:01 AM
 #5

siliciclastic reservoirs
justmyname (OP)
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October 20, 2013, 08:29:11 AM
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Are you asking about all bitcoins in the Bitcoin system?

The newly created aren't mined "from" anywhere, they are simply introduced to the system out of thin air. See https://en.bitcoin.it/wiki/Mining for more information.


Must be coming from the original Client I would guess.

Why must? And you don't need to guess. Just read before you ask: https://en.bitcoin.it/wiki/Mining


That article is like a block breakdown diagram of words that don't go into any detail.
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October 20, 2013, 08:32:56 AM
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siliciclastic reservoirs

That's more of an actual answer but I don't know what that terminology means.
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October 20, 2013, 01:04:02 PM
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siliciclastic reservoirs

That's more of an actual answer but I don't know what that terminology means.
Ah, here's a better answer:

http://en.wikipedia.org/wiki/Bitcoin_mining#Bitcoin_mining
justmyname (OP)
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October 20, 2013, 02:05:26 PM
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So the miners aren't really mining. They are doing work by completing the Bitcoin transactions.  Rewarded with the newly issued Bitcoins. When a block of work is done they are paid a certain amount of coins.

Calling them workers instead of miners would clear up a lot of confusion. But then you would miss out on the gold fever mentality, mob rush.     
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October 20, 2013, 02:10:25 PM
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So the miners aren't really mining. They are doing work by completing the Bitcoin transactions.  Rewarded with the newly issued Bitcoins. When a block of work is done they are paid a certain amount of coins.

Calling them workers instead of miners would clear up a lot of confusion. But then you would miss out on the gold fever mentality, mob rush.     

I think you may need to start here before jumping to the wiki.
And yes, what you described is mostly correct.

EDIT: Why da fuck doesn't bitcoin.org have SSL? It doesn't even redirect to plain HTTP, just gives a Server Not Found browser error page. Awesome! Roll Eyes
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October 20, 2013, 02:26:50 PM
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When a block of work is done they are paid a certain amount of coins.


Mostly correct. Actually, anyone can mint ANY amount of new bitcoin out the thin air. However, only those minted based on agreed rules will be accepted by other people.

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October 22, 2013, 05:20:12 AM
 #12

It grows on trees..... Merkle trees?

hayek
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October 22, 2013, 12:18:35 PM
 #13

You should probably read the white paper
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October 24, 2013, 01:10:45 AM
 #14

I was joking. Of course, I know they're generated from thin air. (Or thick air.) Actually, they're mined from a vacuum.

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