Where and how do you view and select which transactions to include in the block you are trying to create?
Do you look on the blockchain?
Is there some tool that you can use that allows you to see the fees as well?
asked Jan 27, 2013 at 7:19
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Most miners are mining through a pool. Solo miners, mining pool operators and those running P2Pool can be selective, but any miner that gets work from elsewhere has no say in what transactions get included in the block.– Stephen GornickFeb 5, 2013 at 2:39
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So just to confirm if u are solo u can at an API level only select which transactions to exclude– BitCoin New GuyFeb 7, 2013 at 4:09
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But what software use miners to accept transactions when they find a block? Their mining software or the Bitcoin client software? I'm searching information about Bitcoin and I don't know how miners can verify transactions, but I read here that miners that find a block can accept the transdactions that they want, but if they are "bad" or "malicious" miners, they can accept invalid transactions (double spending transactions). When this "bad" or "malicious" miner accept the transaction this validation is broadcasted over the network to be confirmated? Sorry for my english. If someone don't unders– ZanettiApr 24, 2013 at 8:23
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Miner can choose no transaction to build block: bitcoin.stackexchange.com/questions/3332/…– diyismJun 30, 2013 at 17:22
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4 Answers
A bitcoin node's (bitcoin's standard client acts as one) first function is to relay transactions on a best effort basis, it only relays valid transaction. The miner which also is a node will try to solve a block on the transaction it received, but in the end the miner has last word he can decide to arbitrarily discard some transaction (like one with no miner's fee)
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How would they exclude a transaction...is there some tool or viewer ??? Jan 31, 2013 at 21:39
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Miner can choose not to include the transaction in their transaction tree... They don't have a tool they are a node who received the broadcast of transactions. If YOU want to see the transaction or block try blockchain.info or blockexplorer.com. But it is to say that those sites are merely nodes that permits you to see what is going on the network a miner is a node thus receive about the same info.– GopoiJan 31, 2013 at 21:47
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I got all that ...if you are broadcast all transactions as part of the peer to peer...how do u exclude a transaction with a low fee value when u start cgminer as an example ?? Jan 31, 2013 at 21:52
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2Ok you speak pratically, you would need to see if cgminer is able to be configured...which I am not sure. If you are part of a pool (not p2pool) you can't really deny transactions since you get the work from the pool directly (the pool runs the node). When I said miner I was considering any miner that you could program or configure, a miner in general can choose which transaction to include but it maybe implemented not to.– GopoiJan 31, 2013 at 22:03
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Cool...so at a API level we could write code into our operation that excluded all transactions below a certain fee level... Thanks Feb 1, 2013 at 4:35
Do you look on the blockchain ?
No, because the blockchain only has confirmed transactions. Instead, the miner looks at its memory pool. It's named that because they are forgotten when the miner shuts down.
answered Jan 31, 2013 at 4:30
I think you can run a node (Bitcoin core) or fork the GitHub repository and make some code changes to implement how you want the transactions to be included or excluded and you build that and run that instead of the standard Bitcoin Core.
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This is true but I think the question was probably more about general principles of transaction selection. Also I would need convincing that Bitcoin core, by itself, is a good starting point for developing bespoke mining software in the age of ASICs. Feb 17, 2021 at 12:12
Just look up block 289791 from today at blockchain.info. No transactions included at all. Obviously that miner is speeding up his calculation by omitting them and got lucky today.
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1Not including transactions doesn't speed up the calculation of a block in practice. In theory, you can omit a few hash calculations, but it's so insignificant that there is really no reason to omit them. Mar 10, 2014 at 10:48
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@StevenRoose, just curious, what is the reason not to omit a transaction? Is there a reason for each transaction to be included? Jun 2, 2017 at 18:23
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1@mercury0114 The reason to not omit a transaction? Mostly the transaction fee that you can claim. The transaction fee goes to the miner of the block. For free transactions, it's more like a benevolent act. However, there is little reason not to include them if you have space. It makes Bitcoin more useful as a whole and thus increases the values of the coins you get as a block reward. Jun 24, 2017 at 14:44