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Once you notify the miners about the transaction you are willing to perform, they try to add it to the next page and find a solution for the puzzle associated with that page, the first miner who find a solution earns your transaction fee along with the fixed amount of money.In fact, this fixed amount of money is another transfer that the miner put in the page, the transfer destination is its own choice, most likely to be its own address.The miners follow a necessary rule: Only one miner, whoever finds a solution to a puvpn for mac os x yosemitezzle first, is not only entitled to have the commission fees, but also receives some fixed amount of brand new digital coins, that are immediately created especially for it....
As you might observed, the task of adding a new page of transactions to the notebook and make everyone agreeing on it is not an easy one.Put it all together Alice, who wanted to perform a transaction of money to Bob could actually be anyone with a Wallet app on her phone or PC.Once you notify the miners about the transaction you are willing to perform, they try to add it to the next page and find a solution for the puzzle associated with that page, the first miner who find a solution earns your transaction fee along with the fixed amount of money....
Clair does so because she needs every other clerk to agree that she processed the transactions written to the page and thus she is entitled to all commission fees mentioned in it; when everyone agrees, all the transactions in the page are considered as valid and Clair is said to earn her commission fees.We should pay attention to an important property of bitcoin – a miner might earn nothing from his hard work.To answer this question, we now refer to the clerks described above and call them “miners”....
They invest a huge amount of work because the system gives them an incentive to do so: They earn from the transaction fees, but also earn some fixed amount of money for each page they add to the notebook; this fixed amount is practically huge and currently is equal to ~13K$.This is done using a puzzle: For every page that is to be added to the notebook by some clerk, there is a unique random puzzle, that is immensely difficult to solve.As you can imagine, the miners are the ones who bring new money to the world....
Finally, let’s refer all the above components with the names given to them by the Bitcoin community: A page which contains a bunch of transactions is actually called a “block” of transactions, therefore, a notebook is actuvpn for mac os x yosemiteally called a “block-chain”, since it is a chain of ordered blocks, each of which contains a bunThis is done using a puzzle: For every page that is to be added to the notebook by some clerk, there is a unique random puzzle, that is immensely difficult to solve.We should pay attention to an important property of bitcoin – a miner might earn nothing from his hard work....
