lets say i gained bitcoins for mining a block and then spent them on a transaction, then later the chain im using gets replaced because of a longer chain. assuming the block difference is up to where i got my spent bitcoins, what will happen to the transactions and coins i gained and spent from mining in my dropped chain?
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1 Answer
all coinbase transactions are timelocked from when they are mined, so they are not spendable for a few days i believe. by that time, the block is near impossible to reverse and you can spend the new coins.
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Correct, they are not mature until 100 blocks have been mined on top Nov 17, 2017 at 17:33