4 ms·
Freshly mined coins don't make any sense to me. If MtGox needs frehsly mined coins to keep their exchange alive, they are probably dead. When and at which pric
by nkuttler 13y ago
Freshly mined coins don't make any sense to me.
If MtGox needs frehsly mined coins to keep their exchange alive, they are probably dead. When and at which price did they spend their client's bitcoins so that now they have to rely on mining new ones?
- deleted 13y ago[deleted]
- Anderkent 13y agoA client sets his mining address directly to their MtGox deposit address. Different client tries to withdraw the funds. MtGox grabs a couple output it owns without regard to its age and tries to send it to the withdrawing client. The transaction is delayed because some of these outputs are fresh.
- nkuttler 13y agoI see, thanks. I don't really see how that could lead to so many dealyed transactions though.
- Anderkent 13y agoA freshly mined coin is not valid for 120 generations. That's to avoid transactions being voided if the very end of the blockchain switches (if the chain is A->B->C, and you spend coins mined in B in C, but then the chain is overtaken by A->D->E->F, your transaction is invalid (coins genrated in B won't appear in the new chain))
- nkuttler 13y agoYes, I know.
- im3w1l 13y agoBut "everyone" is poolmining. And the pools are surely professional enough not to mine directly into mtgox?
- nkuttler 13y agoIf I missed something or if you disagree with me please tell me why.