Is there a minimum number of transactions in a block?
What encourages Bitcoin miners to include lots of transactions in blocks in the Bitcoin blockchain?
It seems like you could quickly add a block with just a single transaction and get the block reward from it.
Is there some incentive for miners to include lots of transactions in blocks?
mining-reward transaction-selection
edited yesterday
Murch♦
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asked Apr 7 at 23:06
JyclopJyclop
182
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What encourages Bitcoin miners to include lots of transactions in blocks in the Bitcoin blockchain?
It seems like you could quickly add a block with just a single transaction and get the block reward from it.
Is there some incentive for miners to include lots of transactions in blocks?
mining-reward transaction-selection
edited yesterday
Murch♦
35.5k27116335
asked Apr 7 at 23:06
JyclopJyclop
182
New contributor
Jyclop is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
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2
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
Apr 8 at 1:07
add a comment |
What encourages Bitcoin miners to include lots of transactions in blocks in the Bitcoin blockchain?
It seems like you could quickly add a block with just a single transaction and get the block reward from it.
Is there some incentive for miners to include lots of transactions in blocks?
mining-reward transaction-selection
edited yesterday
Murch♦
35.5k27116335
asked Apr 7 at 23:06
JyclopJyclop
182
New contributor
Jyclop is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
What encourages Bitcoin miners to include lots of transactions in blocks in the Bitcoin blockchain?
It seems like you could quickly add a block with just a single transaction and get the block reward from it.
Is there some incentive for miners to include lots of transactions in blocks?
mining-reward transaction-selection
mining-reward transaction-selection
edited yesterday
Murch♦
35.5k27116335
asked Apr 7 at 23:06
JyclopJyclop
182
New contributor
Jyclop is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
edited yesterday
Murch♦
35.5k27116335
asked Apr 7 at 23:06
JyclopJyclop
182
New contributor
Jyclop is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
edited yesterday
Murch♦
35.5k27116335
edited yesterday
Murch♦
35.5k27116335
edited yesterday
Murch♦
35.5k27116335
35.5k27116335
asked Apr 7 at 23:06
JyclopJyclop
182
New contributor
Jyclop is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked Apr 7 at 23:06
JyclopJyclop
182
asked Apr 7 at 23:06
JyclopJyclop
182
182
New contributor
Jyclop is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
Jyclop is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Jyclop is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
2
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
Apr 8 at 1:07
add a comment |
2
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
Apr 8 at 1:07
2
2
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
Apr 8 at 1:07
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
Apr 8 at 1:07
add a comment |
2 Answers
2
active
oldest
votes
A block may contain only one transaction: the coinbase transaction. However, the time it takes to mine a block is not affected by the number of transactions in that block, so mining blocks with fewer transactions does not benefit the miner. On the other hand, miners collect fees from the transactions they include in a block, so by including more transactions in a block, they may collect more fees.
answered Apr 8 at 1:37
VecnaVecna
1967
Thank you that makes a lot of sense!
– Jyclop
Apr 8 at 3:03
add a comment |
The answer is one, the coinbase transaction.
answered Apr 7 at 23:40
Pieter WuillePieter Wuille
48.2k3100162
add a comment |
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2 Answers
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active
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2 Answers
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active
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votes
A block may contain only one transaction: the coinbase transaction. However, the time it takes to mine a block is not affected by the number of transactions in that block, so mining blocks with fewer transactions does not benefit the miner. On the other hand, miners collect fees from the transactions they include in a block, so by including more transactions in a block, they may collect more fees.
answered Apr 8 at 1:37
VecnaVecna
1967
Thank you that makes a lot of sense!
– Jyclop
Apr 8 at 3:03
add a comment |
A block may contain only one transaction: the coinbase transaction. However, the time it takes to mine a block is not affected by the number of transactions in that block, so mining blocks with fewer transactions does not benefit the miner. On the other hand, miners collect fees from the transactions they include in a block, so by including more transactions in a block, they may collect more fees.
answered Apr 8 at 1:37
VecnaVecna
1967
Thank you that makes a lot of sense!
– Jyclop
Apr 8 at 3:03
add a comment |
A block may contain only one transaction: the coinbase transaction. However, the time it takes to mine a block is not affected by the number of transactions in that block, so mining blocks with fewer transactions does not benefit the miner. On the other hand, miners collect fees from the transactions they include in a block, so by including more transactions in a block, they may collect more fees.
answered Apr 8 at 1:37
VecnaVecna
1967
A block may contain only one transaction: the coinbase transaction. However, the time it takes to mine a block is not affected by the number of transactions in that block, so mining blocks with fewer transactions does not benefit the miner. On the other hand, miners collect fees from the transactions they include in a block, so by including more transactions in a block, they may collect more fees.
answered Apr 8 at 1:37
VecnaVecna
1967
answered Apr 8 at 1:37
VecnaVecna
1967
answered Apr 8 at 1:37
VecnaVecna
1967
answered Apr 8 at 1:37
VecnaVecna
1967
1967
Thank you that makes a lot of sense!
– Jyclop
Apr 8 at 3:03
add a comment |
Thank you that makes a lot of sense!
– Jyclop
Apr 8 at 3:03
Thank you that makes a lot of sense!
– Jyclop
Apr 8 at 3:03
Thank you that makes a lot of sense!
– Jyclop
Apr 8 at 3:03
add a comment |
The answer is one, the coinbase transaction.
answered Apr 7 at 23:40
Pieter WuillePieter Wuille
48.2k3100162
add a comment |
The answer is one, the coinbase transaction.
answered Apr 7 at 23:40
Pieter WuillePieter Wuille
48.2k3100162
add a comment |
The answer is one, the coinbase transaction.
answered Apr 7 at 23:40
Pieter WuillePieter Wuille
48.2k3100162
The answer is one, the coinbase transaction.
answered Apr 7 at 23:40
Pieter WuillePieter Wuille
48.2k3100162
answered Apr 7 at 23:40
Pieter WuillePieter Wuille
48.2k3100162
answered Apr 7 at 23:40
Pieter WuillePieter Wuille
48.2k3100162
answered Apr 7 at 23:40
Pieter WuillePieter Wuille
48.2k3100162
48.2k3100162
add a comment |
add a comment |
Jyclop is a new contributor. Be nice, and check out our Code of Conduct.
Jyclop is a new contributor. Be nice, and check out our Code of Conduct.
Jyclop is a new contributor. Be nice, and check out our Code of Conduct.
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2
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
Apr 8 at 1:07