As with mining, what are the bitcoin miners really solving? I read they are solving hashes, but what does that really mean. Can we see what they are solving? Can someone give an example of what a bitcoin mining machine sees to solve?
The blockchain.info API allows for querying information about a particular Transaction by its ID. But if you want to follow the coins to the next transaction, I’m not seeing what the next query should be.
Each “out” of the transaction has an address associated with it, and you can query for details about a address’ recent transactions. But if you’re exploring deep in the past, the most recent 50 transactions for a given address won’t have the spend for that particular “out”.
So is there another API out there that allows you to query Transaction details based on “has transaction N as an ‘in'”? Or do I need to go through the blockchain and make my own cache?
Edit: Blockchain.info clearly has the link to the transaction that spends a given output in their database, since the HTML view of a transaction now has “spent” tags after outputs that have been spent, which are links to the next transaction. However, that particular bit of data is not in the API view of the same transaction.
I’ve come across the term of a tainted coin several times now.
I understand that coins, or better, the origin of a coin can be traced throughout the blockchain.
I’ve read that bitcoins can be disassociated from an address, by sending it to a sufficiently large enough wallet which handles many transactions, thus making a transactions origin “untraceable”.
This collides with my understanding of the blockchain, where each transaction can be tracked back to its origin.
What does the concept of a tainted coin mean in this context and how can a coins taint be measured?
Say I already lent EUR 100.00 to a friend, in cash, quite informally. Can I use Ripple to keep track of it? If so, how?
I guess I need to get him sign up at ripple.com (or get another Ripple client).
Then I grant him > EUR 100.00 trust.
Then he can just “send me” EUR 100.00.
Is that all? Or is there anything more to it? Does my friend need trust from anybody else in Ripple in order to be able to do that?
Checkpoints seem like a crucial part of the security & validation apparatus in Bitcoin. Is there a written policy in place, among the developers defining the maximum interval between checkpoints?
What happens when the Bitcoin client becomes mature and releases are fewer and farther between. Has some other mechanism for checkpoint-like functionality been proposed?
Haven’t opened my wallet in a while so it’s not in sync with the network. 5400 blocks remaining as I write. The wallet is not encrypted.
Received some bitcoins to my address in this wallet. Now I want to get the private key of the address and import it to my wallet on blockchain.info
The output of pywallet’s dumpwallet command shows a lot of address/private key pairs but none of them are the address I see on my address book which I received the bitcoins to.
Launched BitcoinQT’s debug window, tried the dumpprivkey command. Result: Private key for address is not known (code -4)
Thank you.
I’ve just finished the intial blockchain download/verify in my BitcoinQt client (17 hours..) and I now see that BitcoinQt is happily eating all of my upstream bandwidth. (About 110kByte/sec on my ADSL line.)
I’m going to be applying bandwidth limits to the app using Waterroof, which should probably work —
But shouldn’t there be a built-in method for BitcoinQt to be more polite about its bandwidth consumption?
I am using BitcoinJ for my java application which fetches the test network’s genesis block. I referred to the basics mentioned at JavaWorld and BitcoinJ’s Google Code wiki.
I am able to get it running but there seems to be an error while waiting for the node.
I receive the following output :
[main] INFO com.google.bitcoin.core.BlockChain - chain head is at height 0:
v1 block:
previous block: 0000000000000000000000000000000000000000000000000000000000000000
merkle root: 4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b
time: [1296688602] Thu Feb 03 04:46:42 IST 2011
difficulty target (nBits): 487063544
nonce: 384568319
[New I/O boss #9] INFO com.google.bitcoin.core.Peer - com.google.bitcoin.core.Peer$PeerHandler@fe64b9 - Connection refused: no further information
Note: I am working from a NAT network, can this be a point of connection failure?
Say I have an online store that accepts bitcoins and want people to be able to contact me through my wallet, because that is ultimately the entity involved in an hypothetical trade.
Can that be done? how?
Trying to use this posted method:
To export a private key from your Satoshi bitcoin-qt client:
launch your bitcoin client as usual and wait for it to load the blockchain and start up
click on 'help' in the menu bar (top right)
click on 'debug window'
select the 'console' tab
type: walletpassphrase "your walletpassphrase here" 600
type: dumpprivkey [your bitcoin address here]
this will return the private key, you can copy it now; ensure you clear your clipboard/history afterwards
type: walletlock
I do not understand what “your walletpassphrase here” means. I do not have a wallet pass phrase to the best of my knowledge.
Also, I am a bit of an amateur at this and I still don’t understand the “your public key here”….. is that the address that corresponds to your wallet? [Update: Yes, the bitcoin address.]
Trying to export the private key to another wallet because the bitcoin wallet has taken 2 days to sync and is still not done.
Any help would be very appreciated.