Block with only 1 transaction

[Bitcoin Magazine]

http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86

what is the deal here, no one placed a bitcoin transaction in 10 minutes?  is that why this happened?  cause most blocks have hundreds of transactions..

[franky1]

http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86

what is the deal here, no one placed a bitcoin transaction in 10 minutes?  is that why this happened?  cause most blocks have hundreds of transactions..

i laugh at people spending all day looking at transactions.. very boring life. whats next a topic about millions of transactions. then a topic about transactions with only fee's, then a topic about high value single transaction, then a topic about a sing transaction where the fee exceeds the value to destination. then a topic about single transaction to multiple destinations, then a topic about multiple origins to single destination. then a topic about any there boring transaction that is more boring then reading my waffle.

point is dont try to waste time trying to think about the reasons. in a country of 60million people+ you will find times where a single person wins the lottery, or a bunch of them, you will find times that one person protests his rights or thousands of people protest their rights,

in nature all possibilities are possible, so dont sweat the nature of bitcoins. it could be a slowday, it could be a miner that formed a block by ignoring other transactions. either way, life moves on, and so does the blockchain.

have a nice day

[s0br]

Mining a bitcoin block is a lot like guessing random numbers until one is the correct one... this mine just happened to guess correctly rather quickly... seems like within seconds.

The 10 minute thing is just a window of how long the bitcoin network wants these numbers guessed correctly. If miners guess correctly more frequently than 10 minutes.. the bitcoin network raises the difficulty (meaning it presents a much larger # pool to guess from)... in order to slow down the rate of guessing the correct answer...

[TimS]

You don't have to include any transactions, although there are incentives (primarily the transaction fees) for you to do so. Some miners don't include transactions, for one reason or another.

It's also possible that the miner didn't hear of any transactions between the time of the last block and when he found his block.

[Josepht]

10 minutes? This block was found 17 seconds after the previous one

[frankenmint]

hmm- why can't a person simply setup their mining hardware to seek out the 1st transaction and submit it as a complete block with just the 1 trx immediately upon receipt? 

Doesn't probability of finding an accurate block increase substantially as the # of transactions goes down?

[fryarminer]

http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86

what is the deal here, no one placed a bitcoin transaction in 10 minutes?  is that why this happened?  cause most blocks have hundreds of transactions..

i laugh at people spending all day looking at transactions.. very boring life. whats next a topic about millions of transactions. then a topic about transactions with only fee's, then a topic about high value single transaction, then a topic about a sing transaction where the fee exceeds the value to destination. then a topic about single transaction to multiple destinations, then a topic about multiple origins to single destination. then a topic about any there boring transaction that is more boring then reading my waffle.

point is dont try to waste time trying to think about the reasons. in a country of 60million people+ you will find times where a single person wins the lottery, or a bunch of them, you will find times that one person protests his rights or thousands of people protest their rights,

in nature all possibilities are possible, so dont sweat the nature of bitcoins. it could be a slowday, it could be a miner that formed a block by ignoring other transactions. either way, life moves on, and so does the blockchain.

have a nice day

Dude, you make me feel bad!! Only thing worse than looking at transactions all days is clicking on a thread about looking at transactions all day. Yeah.

[DannyElfman]

The one TX is only the block subsidy for the miner. There was not actually any TX included in the block.

Miners are not required to include any TX in their blocks, but have an incentive to do so as they get TX fees.

[tzortz]

Why would be bad looking at transactions, really?

 

[Bitcoinpro]

hmm- why can't a person simply setup their mining hardware to seek out the 1st transaction and submit it as a complete block with just the 1 trx immediately upon receipt? 

Doesn't probability of finding an accurate block increase substantially as the # of transactions goes down?

How

[OROBTC]

...

Actually, I too like looking at transactions to try and learn more about what is going on (I have been doing Bitcoin for only a few months).  That includes looking at blockchain.info transactions.  There are lots of things I do not understand about some types of transactions, yet I want to learn more about how it all works.

In fact, I have been looking for the textbook for "Blockchain Transaction Interpretation 101"...

I see nothing wrong with curiosity and wanting to learn more, especially about using BTC for financial discretion and self-protection.  In fact I believe it is my duty to learn more!

 

[cr1776]

hmm- why can't a person simply setup their mining hardware to seek out the 1st transaction and submit it as a complete block with just the 1 trx immediately upon receipt?  

Doesn't probability of finding an accurate block increase substantially as the # of transactions goes down?

1. Because you still need to find the hash that is below the target.
2. No, the probability of finding a block under the hash is independent of the number of transactions in the block.

Miners can include anywhere from zero transactions up to the block size limit, it is solely up to the miner (or pool) who finds the block.  

:-)

[minerpumpkin]

10 minutes? This block was found 17 seconds after the previous one

Yup, there simply doesn't seem to be a new transaction reaching the miner's/pool's mempool at that point. It's pure variance: rare, yet totally 'normal'

[BitCoinDream]

http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86

what is the deal here, no one placed a bitcoin transaction in 10 minutes?  is that why this happened?  cause most blocks have hundreds of transactions..

There are 84599 blocks with 1 Tx (coinbase transaction) till date...

http://blockr.io/trivia/block

[DubFX]

http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86

what is the deal here, no one placed a bitcoin transaction in 10 minutes?  is that why this happened?  cause most blocks have hundreds of transactions..

There are 84599 blocks with 1 Tx (coinbase transaction) till date...

http://blockr.io/trivia/block

Wow look at the blocks with the highest fees on that site...200btc fee? Does that mean that miners have made 250 coins on that single block?

[CEG5952]

Often you will see this when two blocks are solved directly after one another (within seconds). But as far as I know, a miner does not need to include any transactions from others in a block.

[BitCoinDream]

http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86

what is the deal here, no one placed a bitcoin transaction in 10 minutes?  is that why this happened?  cause most blocks have hundreds of transactions..

There are 84599 blocks with 1 Tx (coinbase transaction) till date...

http://blockr.io/trivia/block

Wow look at the blocks with the highest fees on that site...200btc fee? Does that mean that miners have made 250 coins on that single block?

200 Fee block was mined only once in the history of bitcoin...

http://blockr.io/block/info/254642

I would like to know if there is any way to know who mined it, i mean if any known player mined it, e.g. GHash.io, BTC Guild, Eligius etc ?

[DubFX]

http://blockexplorer.com/block/00000000000000001179ab36c2c029dea89d6c5506042414f6d5acddc46c5c86

what is the deal here, no one placed a bitcoin transaction in 10 minutes?  is that why this happened?  cause most blocks have hundreds of transactions..

There are 84599 blocks with 1 Tx (coinbase transaction) till date...

http://blockr.io/trivia/block

Wow look at the blocks with the highest fees on that site...200btc fee? Does that mean that miners have made 250 coins on that single block?

200 Fee block was mined only once in the history of bitcoin...

http://blockr.io/block/info/254642

I would like to know if there is any way to know who mined it, i mean if any known player mined it, e.g. GHash.io, BTC Guild, Eligius etc ?

https://blockchain.info/block-index/254642

Relayed By    91.223.77.253

[TimS]

200 Fee block was mined only once in the history of bitcoin...

http://blockr.io/block/info/254642

I would like to know if there is any way to know who mined it, i mean if any known player mined it, e.g. GHash.io, BTC Guild, Eligius etc ?

The reward was paid to the address at:
http://www.reddit.com/r/Bitcoin/comments/1extr4/asicminer_mining_address/
I'm guessing the transaction fee was a mistake, or some sort of laundering.
Edit: It was a mistake, and ASICMiner refunded it.

[BitCoinDream]

--snip--

https://blockchain.info/block-index/254642

Relayed By    91.223.77.253

--snip--

The reward was paid to the address at:
http://www.reddit.com/r/Bitcoin/comments/1extr4/asicminer_mining_address/
I'm guessing the transaction fee was a mistake, or some sort of laundering.
Edit: It was a mistake, and ASICMiner refunded it.

So, ASICMiner address = 91.223.77.253

Again, http://www.wolframalpha.com/input/?i=91.223.77.253 => Kiev, Ukraine

Does it mean ASICMiner is mining from Kiev, Ukraine ?