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May 2016

Technical Questions about Blockchain


Technical Questions about Blockchain

Hello, I was hoping someone on this sub could answer a couple questions for me about how the blockchain works. I'm not really interested in mining but want to know how this all works. I've been trying to read up on it from various sources but have had trouble finding answers to these:

  • When one is trying various nonces and running the hash, are the transactions contained in that original data that is being hashed?

  • Are those transactions just being broadcast to miners and they know which is the first one they must include in the next block?

  • Is your solution not accepted if you skip a transaction or something?

  • Is it just up to the miner to decide how many of the pending transactions they wish to include?

  • The hash solution that is found is essentially meaningless and not used for anything other than it must appear in the next header, correct? Just to keep the chain going.

  • I assume when a solution is found, a majority of the other miners must agree it is correct. Is there any incentive to performing that check? I guess maybe it gives you a head start on the next solution?

I guess that's a lot of questions already so I'll stop. If there's a better sub for questions on the inner workings please let me know. Thanks for any responses.

Submitted June 01, 2016 at 07:17AM by monstimal
via reddit http://bit.ly/1RKEO8p

We need a SilkRoad for food in Venezuela.


We need a SilkRoad for food in Venezuela.
http://lat.ms/1PhpSnL

Submitted June 01, 2016 at 04:52AM by fiatfail
via reddit http://bit.ly/1TVDFPH

CoinKing.IO Not Cashing Out

I’m posting this because for months now the site CoinKing.IO which can be used to mine a variety of cryptocurrency has not allowed myself and others to cash out particular currencies. For example, I have 41 LTC being held hostage on the site and the site no longer has a help desk portal nor any Facebook or Twitter accounts to report issues to. I have written the owner of the site reporting these issues without response. Please help get the word out so that others do not use this website until the admins do something about this unpaid cryptocurrency! via /r/BitcoinMining http://bit.ly/1Xdmhdn

CoinKing.IO Not Cashing Out


CoinKing.IO Not Cashing Out

I'm posting this because for months now the site CoinKing.IO which can be used to mine a variety of cryptocurrency has not allowed myself and others to cash out particular currencies. For example, I have 41 LTC being held hostage on the site and the site no longer has a help desk portal nor any Facebook or Twitter accounts to report issues to. I have written the owner of the site reporting these issues without response. Please help get the word out so that others do not use this website until the admins do something about this unpaid cryptocurrency!

Submitted June 01, 2016 at 06:21AM by bakersoft
via reddit http://bit.ly/1Xdmhdn

Recent Andreas talk on the difference between bitcoin and blockchain.


Recent Andreas talk on the difference between bitcoin and blockchain.
https://www.youtube.com/watch?v=mRQs9Y6CUSU

Submitted June 01, 2016 at 12:28AM by calaber24p
via reddit http://bit.ly/1XcDi7v

Large Online Sportsbook & Casino, Bovada, Just Sent Out This Email


Large Online Sportsbook & Casino, Bovada, Just Sent Out This Email
http://bit.ly/1TUTXZ4

Submitted June 01, 2016 at 01:01AM by whipfixed
via reddit http://bit.ly/1VtedU4

{sigh} Good times

{sigh} Good times


{sigh} Good times
https://youtu.be/DQ9-01KsFDQ

Submitted June 01, 2016 at 04:48AM by frankenmint
via reddit http://bit.ly/1P20Tj0

Three reasons why bitcoin’s price is surging higher


Three reasons why bitcoin’s price is surging higher
http://yhoo.it/1r0G4OA

Submitted May 31, 2016 at 11:21PM by kenashe
via reddit http://bit.ly/25yGRt6

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