dohh (OP)
Jr. Member
 Offline
Activity: 332
Merit: 1
|
 |
June 27, 2018, 07:08:47 AM |
|
Who does the job of keeping records and validating BTC transactions? And how are they paid?
|
|
|
|
|
|
|
|
|
|
|
|
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
odolvlobo
Legendary
Offline
Activity: 4298
Merit: 3208
|
|
June 27, 2018, 07:21:01 AM |
|
Who does the job of keeping records and validating BTC transactions? And how are they paid?
Miners do. Read this: https://en.bitcoin.it/wiki/Mining |
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
|
|
|
dohh (OP)
Jr. Member
Offline
Activity: 332
Merit: 1
|
|
June 27, 2018, 07:26:22 AM |
|
Let´s leave aside the obvious  Who does the job, after the last BTC is mined? |
|
|
|
|
matthewio
Jr. Member
Offline
Activity: 164
Merit: 1
bitcoin is great
|
|
June 27, 2018, 07:29:55 AM |
|
That job is done by miners across spread across the world. They actually perform two functions simultaneously, first is confirm and validate transactions, second is to mine or discover new blocks, that is create new bitcoin. The transaction fees on bitcoin transfer goes to the miners.
|
|
|
|
|
|
batang_bitcoin
|
|
June 27, 2018, 07:38:41 AM |
|
Let´s leave aside the obvious Who does the job, after the last BTC is mined? Still miners, they will mine bitcoin to confirm transactions. What Will Happen When All Bitcoins Are Mined? |
▄▄████████▄▄
▄▄████████████████▄▄
▄██████████████████████▄
▄█████████████████████████▄
▄███████████████████████████▄
| ███████████████████▄████▄
█████████████████▄███████
████████████████▄███████▀
██████████▄▄███▄██████▀
████████▄████▄█████▀▀
██████▄██████████▀
███▄▄████████████▄
██▄███████████████
░▄██████████████▀
▄█████████████▀
█████████████
███████████▀
███████▀▀ | | | .
| | ▄▄███████▄▄
▄███████████████▄
▄███████████████████▄
▄█████████████████████▄
▄███████████████████████▄
█████████████████████████
█████████████████████████
█████████████████████████
▀███████████████████████▀
▀█████████████████████▀
▀███████████████████▀
▀███████████████▀
▀▀███████▀▀ | .
ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄
███████▄████████████▌
██████▐██▀███████▀▀██
███████████████████▐█▌
████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄
███▀░▐███▀▄█▄█▀▀█▄█▄▀
██████████████▄██████▌
█████▐██▄██████▄████▐
█████████▀░▄▄▄▄▄
███████▄█▄░▀█▄▄░▀
███▄██▄▀███▄█████▄▀
▄██████▄▀███████▀
████████▄▀████▀█████▄▄ | .
"I could either watch it
happen or be a part of it"
▬▬▬▬▬ |
|
|
|
dohh (OP)
Jr. Member
Offline
Activity: 332
Merit: 1
|
|
June 27, 2018, 07:39:05 AM |
|
That job is done by miners across spread across the world. They actually perform two functions simultaneously, first is confirm and validate transactions, second is to mine or discover new blocks, that is create new bitcoin. The transaction fees on bitcoin transfer goes to the miners.
I understand that, but as amount of released BTC decreases gradually, how are going the miners paid, after last BTC is released? Transfers would still need to be confirmed and validated. |
|
|
|
|
dohh (OP)
Jr. Member
Offline
Activity: 332
Merit: 1
|
|
June 27, 2018, 07:45:53 AM |
|
Why would the miners switch from fishing goldfish into doing very energy-costly job for pennies, in future? |
|
|
|
|
kiemnhieutien
Member
Offline
Activity: 490
Merit: 17
|
|
June 27, 2018, 08:18:41 AM |
|
Serious guy? Don't ask simple questions like this because you can easily get your answers by doing an internet search. If you really want to learn there are many guides out there, or just in Bitcoin section in this forum, there are many useful guides there.
|
|
|
|
|
dohh (OP)
Jr. Member
Offline
Activity: 332
Merit: 1
|
|
June 27, 2018, 08:24:57 AM |
|
Serious guy? Don't ask simple questions like this because you can easily get your answers by doing an internet search. If you really want to learn there are many guides out there, or just in Bitcoin section in this forum, there are many useful guides there.
Imho it is not a simple question, but should be the key question for all potential buyers: what will be the miners paid with, when there is left nothing to mine? With small fees in not an adequate answer, as mining is very ressource-costly job and will be even more so, as chains grow longer and longer. So, what are yhe miners going to be paid with? |
|
|
|
|
dangershadow
Newbie
Offline
Activity: 88
Merit: 0
|
|
June 27, 2018, 08:27:01 AM |
|
the best method to understand bitcoin is just watching youtube videos about it.
|
|
|
|
|
|
