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 lost of transactions in Blocks?
blockchain mining-reward
New contributor
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 lost of transactions in Blocks?
blockchain mining-reward
New contributor
1
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
2 hours ago
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 lost of transactions in Blocks?
blockchain mining-reward
New contributor
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 lost of transactions in Blocks?
blockchain mining-reward
blockchain mining-reward
New contributor
New contributor
New contributor
asked 4 hours ago
JyclopJyclop
132
132
New contributor
New contributor
1
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
2 hours ago
add a comment |
1
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
2 hours ago
1
1
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
2 hours ago
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
2 hours ago
add a comment |
2 Answers
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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.
Thank you that makes a lot of sense!
– Jyclop
22 mins ago
add a comment |
The answer is one, the coinbase transaction.
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2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
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votes
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.
Thank you that makes a lot of sense!
– Jyclop
22 mins ago
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.
Thank you that makes a lot of sense!
– Jyclop
22 mins ago
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.
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 1 hour ago
VecnaVecna
1267
1267
Thank you that makes a lot of sense!
– Jyclop
22 mins ago
add a comment |
Thank you that makes a lot of sense!
– Jyclop
22 mins ago
Thank you that makes a lot of sense!
– Jyclop
22 mins ago
Thank you that makes a lot of sense!
– Jyclop
22 mins ago
add a comment |
The answer is one, the coinbase transaction.
add a comment |
The answer is one, the coinbase transaction.
add a comment |
The answer is one, the coinbase transaction.
The answer is one, the coinbase transaction.
answered 3 hours ago
Pieter WuillePieter Wuille
48k3100162
48k3100162
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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.
Jyclop is a new contributor. Be nice, and check out our Code of Conduct.
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1
It is no quicker to mine a block with one transaction, compared to a block with many transactions.
– chytrik
2 hours ago