Bitcoin Forum
December 08, 2016, 12:25:06 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: What happens to mined blocks?  (Read 1088 times)
kllr123
Jr. Member
*
Offline Offline

Activity: 50


View Profile
July 14, 2012, 03:51:25 PM
 #1

hi, ive always wondered about this and would like a propper answer to this question.

After a block has been mined, what happens to the solved block? What is it used for or where does it go?
1481156706
Hero Member
*
Offline Offline

Posts: 1481156706

View Profile Personal Message (Offline)

Ignore
1481156706
Reply with quote  #2

1481156706
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481156706
Hero Member
*
Offline Offline

Posts: 1481156706

View Profile Personal Message (Offline)

Ignore
1481156706
Reply with quote  #2

1481156706
Report to moderator
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
July 14, 2012, 03:52:58 PM
 #2

Mining is transaction verification.  It is the process of putting valid unconfirmed transactions into a permanent record.  The blockchain is that permanent record.  Miners hash unconfirmed transactions into blocks.  Mined blocks are distributed to every node in the network.  Nodes validate those blocks and add them to the end of the blockchain.  The blockchain is used to confirm the validity of future transactions.
nimda
Hero Member
*****
Offline Offline

Activity: 784


0xFB0D8D1534241423


View Profile
July 14, 2012, 03:57:48 PM
 #3

Mining is slightly different than what you think it is. Basically, the miner takes a hash of the entire blockchain to-date (it's slightly more complicated than that, but that's irrelevant). Then, the miner adds a nonce -- random data -- to the previous hash, and performs double SHA256 on it. If the result is lower than a certain number (determined by difficulty), i.e. it starts with enough 0's, then it is a valid solution. The miner can then publish the "block," which is composed of a header, including proof that the miner actually found a solution, and transactions, which include a transaction which has no inputs and one 50 BTC (soon to be 25) output. The block, once published, is added to the "blockchain" and new miners build upon it by using it as part of new blocks.

(There is some technical stuff missing here, such as merkle trees and whatnot, but I don't think they pertain too much to the question)


Now, there is the possibility that I'm completely missing the question, in which case you need to rephrase it Wink

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
kllr123
Jr. Member
*
Offline Offline

Activity: 50


View Profile
July 14, 2012, 04:03:11 PM
 #4

Thanks for the speedy reply! That I understand now. One more question, where does the "equations" or blocks origionate from?
Gabi
Legendary
*
Offline Offline

Activity: 1050


View Profile
July 14, 2012, 04:15:07 PM
 #5

https://en.bitcoin.it/wiki/Block_chain

https://en.bitcoin.it/wiki/Block
DingoRabiit
Jr. Member
*
Offline Offline

Activity: 31


I will Om your Nom


View Profile
July 14, 2012, 04:28:56 PM
 #6

Beat me to it

Wow I can't fit my OTC link in here
unclemantis
Member
**
Offline Offline

Activity: 98


(:firstbits => "1mantis")


View Profile
July 14, 2012, 05:38:30 PM
 #7

Mom? Where do babies come from?

The block chain dear!

PHP, Ruby, Rails, ASP, JavaScript, SQL
20+ years experience w/ Internet Technologies
Bitcoin OTC | GPG Public Key                                                                               thoughts?
SpontaneousDisorder
Member
**
Offline Offline

Activity: 88



View Profile
July 14, 2012, 05:51:20 PM
 #8

Mom? Where do babies come from?

The block chain dear!

Mom! Wait... I don't have a mom, my blockchain was orphaned!  Cry
unclemantis
Member
**
Offline Offline

Activity: 98


(:firstbits => "1mantis")


View Profile
July 14, 2012, 06:38:24 PM
 #9

Mom? Where do babies come from?

The block chain dear!

Mom! Wait... I don't have a mom, my blockchain was orphaned!  Cry

Block Chain Adoption Agency at your service kiddo!

PHP, Ruby, Rails, ASP, JavaScript, SQL
20+ years experience w/ Internet Technologies
Bitcoin OTC | GPG Public Key                                                                               thoughts?
kllr123
Jr. Member
*
Offline Offline

Activity: 50


View Profile
July 17, 2012, 07:28:40 PM
 #10

Thank you all for the replys. Helped me understand a few things a bit better!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!