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Author Topic: client generated .07 bitcoins...help  (Read 1707 times)
jjiimm_64
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October 15, 2011, 02:50:50 AM
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So I look at my bitcoin client and notice that I have .07 bitcoins with the label 'Generated'.  I thought You can only generate a whole block. To top that I am not mining solo.  At least I dont think I have any gpu's pointed to my client.  

here is a screen shot.  

https://plus.google.com/u/0/photos/112408294399222065988/albums/5658727447810944545/5663542636791625890?hl=en

Please someone explain,  this kinda scares me that I don't know where the .07 came from.  If some coins can come into my client unknowingly(as in not from anywhere), can some coins go out?.    

edit:  let me add this.  The transaction does NOT show up in the received tab of the client.  I did not receive the coins from anyone.

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theymos
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October 15, 2011, 02:54:18 AM
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That's what happens when your pool pays out directly from the generation transaction. Everyone who the pool pays sees "Generated" with the appropriate amount.

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jjiimm_64
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October 15, 2011, 02:56:31 AM
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I have over 400 btcs from my pool, it has never said generated.  The pool pays me thru an addy.  or is this a 'special' payment? 

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October 15, 2011, 02:59:28 AM
 #4

Eligius does this.

Edit: I think people who do this never technically hold anyones bitcoins (no pool wallet to guard), but rather keeps a track of what they owe a miner, and pays it out when a block is found.

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jjiimm_64
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October 15, 2011, 03:29:09 AM
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That's what happens when your pool pays out directly from the generation transaction. Everyone who the pool pays sees "Generated" with the appropriate amount.

Please elaborate.  if a "pool pays out"  it should show in the received tab of the client right?

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October 15, 2011, 04:28:27 AM
 #6

Not if they pay out with generated coins.  Then it just says "Generated".

The 50BTC generated per block doesn't have to be sent to one wallet then divided up - it can be directly generated with a cut to everyone who the pool owes.  Eligius does this, and perhaps others.

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jjiimm_64
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October 15, 2011, 04:31:39 AM
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Not if they pay out with generated coins.  Then it just says "Generated".

The 50BTC generated per block doesn't have to be sent to one wallet then divided up - it can be directly generated with a cut to everyone who the pool owes.  Eligius does this, and perhaps others.

OK.  it might be that I sent a few shares to mainframe by accident the day that we were all being ddsod..  Thank you.

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October 18, 2011, 03:09:42 AM
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Not if they pay out with generated coins.  Then it just says "Generated".

The 50BTC generated per block doesn't have to be sent to one wallet then divided up - it can be directly generated with a cut to everyone who the pool owes.  Eligius does this, and perhaps others.

OK.  it might be that I sent a few shares to mainframe by accident the day that we were all being ddsod..  Thank you.

That does not explain it. Mainframe does not payout from generated coin. At least for me.


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jjiimm_64
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October 18, 2011, 03:25:35 AM
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Not if they pay out with generated coins.  Then it just says "Generated".

The 50BTC generated per block doesn't have to be sent to one wallet then divided up - it can be directly generated with a cut to everyone who the pool owes.  Eligius does this, and perhaps others.

OK.  it might be that I sent a few shares to mainframe by accident the day that we were all being ddsod..  Thank you.

That does not explain it. Mainframe does not payout from generated coin. At least for me.



great..... now I am back to where the hell did 7 bitcents come from  HuhHuhHuh??

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October 21, 2011, 11:10:44 AM
 #10

lol
To be honest i would not care less maybe someone had made a typo while he went on mining at an eligius like pool
Its just 0.07 btc so no big deal, if it was 50+ btc is would start to worry about some one had made a big mistake
And i really would stress if i would recieved a couple of thousands btc, but for these amounts its ok Cheesy
I am not sure if you get some return when you send new and old btc to another address and it turnout to be a big portion old btc would you get such small refunds from the fee payed ....
Anway i will not sleep 1 second less about this amount, if it happened to me Cheesy
jjiimm_64
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October 21, 2011, 05:24:52 PM
 #11

lol
To be honest i would not care less maybe someone had made a typo while he went on mining at an eligius like pool
Its just 0.07 btc so no big deal, if it was 50+ btc is would start to worry about some one had made a big mistake
And i really would stress if i would recieved a couple of thousands btc, but for these amounts its ok Cheesy
I am not sure if you get some return when you send new and old btc to another address and it turnout to be a big portion old btc would you get such small refunds from the fee payed ....
Anway i will not sleep 1 second less about this amount, if it happened to me Cheesy

The important point here is this,  since I have hundreds and eventually thousands of btc's in my client. I want to know it is secure.
If coins can come in from who knows where. Can they go out to who knows where?

The only explanation so far is the typo from eligius, which seams extremely unlikely.  I don't know the odds of actually getting a btc address by accident.. 

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October 23, 2011, 12:24:11 AM
 #12

Look in the block explorer for that transaction.  You will find the exact block reward it came from.  There are sites which tell you which pool generates which block.  If it IS a Eligus block and your address is listed there well it doesn't really matter how it got listed there (mistake, friendly guesture) the client will report exactly what it is told by the block chain.

The block chain indicates your addresss received 0.07 via a block reward.  Period.  The client doesn't "get coins". It simply looks up the block chain to determine the transactions your addresses were involved in and one of your addresses was involved in a 0.07 block reward transaction.
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October 26, 2011, 08:31:08 PM
 #13

I don't know the odds of actually getting a btc address by accident..  

Statistically, not going to happen between now and the heat death of the universe,
the odds are mind-boggingly small for even 12 of the first characters being identical in any two addresses

I can safely bet my life on that not being the origin of your 0.07btc.
The only possible explanation is that you are somehow still mining at eligius, did you check all your active miners?

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October 31, 2011, 04:01:01 AM
 #14

OP You're just paranoid. Just be happy you got free coins. And no, nobody can just take coins from you unless YOU send them on PURPOSE. It's your wallet, not a bank. Nobody can take coins from you without your authorization (unless someone steals your wallet)

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