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Author Topic: can someone explain this transaction?  (Read 519 times)
zvs
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June 22, 2012, 02:36:54 PM
 #1

i post this in newbies forum since it's probably something simple, but

https://blockchain.info/tx-index/10234706/4664a0e0662789e5db879512440a2ce4978cf172d03ce10fcd78981c3f7decb1

it shows 50 bitcoins going to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

one of the input addresses:

https://blockchain.info/address/1qT6e3nDLqUyeWRcQETWF4Yv7SbZQQTa4

shows it as sending 50 bitcoins to 1JLN*

all the input addresses show the same thing, 50 btc to that address

i'm guessing this is just a bug in blockchain.info's method of reporting transactions?


Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
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Raoul Duke
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June 22, 2012, 02:45:32 PM
 #2

i post this in newbies forum since it's probably something simple, but

https://blockchain.info/tx-index/10234706/4664a0e0662789e5db879512440a2ce4978cf172d03ce10fcd78981c3f7decb1

it shows 50 bitcoins going to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

one of the input addresses:

https://blockchain.info/address/1qT6e3nDLqUyeWRcQETWF4Yv7SbZQQTa4

shows it as sending 50 bitcoins to 1JLN*

all the input addresses show the same thing, 50 btc to that address

i'm guessing this is just a bug in blockchain.info's method of reporting transactions?



Not exactly. The input addresses sent minor amounts but the transaction output was of 50 BTC.
The 50BTC you talk is the output. The inputs are composed of smaller values. I see nothing strange in that transaction.

zvs
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June 22, 2012, 02:47:51 PM
 #3

i post this in newbies forum since it's probably something simple, but

https://blockchain.info/tx-index/10234706/4664a0e0662789e5db879512440a2ce4978cf172d03ce10fcd78981c3f7decb1

it shows 50 bitcoins going to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

one of the input addresses:

https://blockchain.info/address/1qT6e3nDLqUyeWRcQETWF4Yv7SbZQQTa4

shows it as sending 50 bitcoins to 1JLN*

all the input addresses show the same thing, 50 btc to that address

i'm guessing this is just a bug in blockchain.info's method of reporting transactions?



Not exactly. The input addresses sent minor amounts but the transaction output was of 50 BTC.
The 50BTC you talk is the output. The inputs are composed of smaller values. I see nothing strange in that transaction.


yeah, that's what i thought.

it's just blockchain.info showing total output to an address instead of specific output from that particular address

which to me, seems like it should be changed

ed:

for example,  this input address:

https://blockchain.info/address/1CbVKwzDqjvbjhuUHinkXCN89rBHUSxfHS

should show 1.52629968 outgoing to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
Raoul Duke
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June 22, 2012, 02:57:34 PM
 #4

i post this in newbies forum since it's probably something simple, but

https://blockchain.info/tx-index/10234706/4664a0e0662789e5db879512440a2ce4978cf172d03ce10fcd78981c3f7decb1

it shows 50 bitcoins going to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

one of the input addresses:

https://blockchain.info/address/1qT6e3nDLqUyeWRcQETWF4Yv7SbZQQTa4

shows it as sending 50 bitcoins to 1JLN*

all the input addresses show the same thing, 50 btc to that address

i'm guessing this is just a bug in blockchain.info's method of reporting transactions?



Not exactly. The input addresses sent minor amounts but the transaction output was of 50 BTC.
The 50BTC you talk is the output. The inputs are composed of smaller values. I see nothing strange in that transaction.


yeah, that's what i thought.

it's just blockchain.info showing total output to an address instead of specific output from that particular address

which to me, seems like it should be changed

ed:

for example,  this input address:

https://blockchain.info/address/1CbVKwzDqjvbjhuUHinkXCN89rBHUSxfHS

should show 1.52629968 outgoing to 1JLNLh9Np6iCh1dxnedXQx8rTpBetdvxv1

And it does. It shows it in the left side, where the inputs are listed.
Blockchain.info doesn't need to change anything.

BTime
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June 22, 2012, 03:22:45 PM
 #5

I do not know your understanding of transactions.  This is not meant to be insulting, just hopefully informative.

I am not an expert, but based on my study of transactions, it depends on what the wallet generated for the transaction.  Only enough transactions should be included to cover the amount being transferred out.  Whatever generated the transaction appears might have included all unspent transactions in the wallet for the source funds.  It does not list what the amount in each transaction was at the time, so this is laborious to determine based on the info provided.  It does not show what happened to the bit-change.  I appears it went back into the source account.

Even if you have/use only one account number, a transaction is defined by previous transactions for the source funds.  This can make for a long list depending on how the transactions are selected.  Transactions are not pooled like a bank (except having the same account number); they remain separate.  If multiple account numbers are involved, the transaction gets longer.  The shotgun approach would be to throw everything at the transaction and let the change/excess go to the change account.  This would be a very poor approach.

See:  https://en.bitcoin.it/wiki/Transaction

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