I just came across something strange, block no 289791 which was mined on Mar 10, 2014 is empty of any transactions. Is it because the miner refused to accept any? Or something else?
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3related: What happens if there are no transactions in a block?, How often does a block have only one transaction?– Murch ♦Commented Jun 20, 2016 at 7:30
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Please browse the empty-blocks tag for an explanation of this phenomenon. This question comes up often.– Nate EldredgeCommented Jun 20, 2016 at 13:57
1 Answer
This is the previous block,
289790
Number Of Transactions 86
Height 289790 (Main Chain)
Timestamp 2014-03-09 23:24:02
Size 43.853 KB
This is the block you are talking about
Number Of Transactions 1
Height 289791 (Main Chain)
Timestamp 2014-03-09 23:30:23
Size 0.183 KB
As you can see by the size of the previous block, there was little activity in that time, only 43 KBs worth of transactions, you can also note that both blocks came less than 5 minutes apart, so perhaps the transaction pool was emptied by the previous block and there wasn't enough time for a new transaction to be broadcasted after that. Since every minute counts, miners won't wait for a new transaction to appear because they run the risk to lose the block reward.
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1I think this explanation is implausible. Block 289790 still had 86 transactions, and it is actually stamped before its predecessor 289789, so those 86 transactions must have come in a short time. It seems unlikely that in the following 6 minutes there would be no transactions at all. The Bitcoin network was much more active than that in 2014. Also note that block 289792, dated 10 minutes later, had 742 transactions. Commented Jun 20, 2016 at 14:02
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2It seems far more likely that there were transactions pending, but the miner of 289791 intentionally omitted them from the block. There are other questions in the empty-blocks tag that explain why one might want to do that. Commented Jun 20, 2016 at 14:03
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Also, to confirm that these are not outliers: blockchain.info/charts/… shows that in early 2014 the network averaged around 300-400 transactions per block. Commented Jun 20, 2016 at 14:05
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1Indeed, it seems that the miner excluded the transactions. Commented Jun 21, 2016 at 0:08