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Questions tagged [immature-coins]

Immature coins are newly created coins that aren't old enough yet to be considered trustworthy of spending. They mature when the creating block is succeeded by the 100th block.

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What is the block maturation time?

I was reading the wiki article about the blockchain and I didn't understand the part in bold: When a block becomes an orphan block, all of its valid transactions are re-added to the pool of queued transactions and will be included in another…
nmat
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What was the goal of creating the feature of immature coins?

I just ran into the idea of immature coins. Can someone explain to me the idea behind immature coins and what was the purpose of it?
Patoshi パトシ
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Why do mining pools require 120 confirms for a solved block before payout?

According to this question here, 6 confirmations can be considered 'secure enough'. Some pools out there also offer payout at 100 confirms but that's still substantially higher than 6. Why is such a high confirmation count required for this?
greatwolf
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Coinbase maturity of 100 transactions

The protocol rules state that For each input, if the referenced output transaction is coinbase (i.e. only 1 input, with hash=0, n=-1), it must have at least COINBASE_MATURITY (100) confirmations; else reject this transaction Why should…
Randomblue
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How can I tell when bitcoind has found a block?

I'm using the traditional bitcoind -gen on the testnet to mine some test bitcoins. I did this on one machine for a few hours, and stopped when I found a faucet. Later though, I magically obtained 50 coins in my wallet. I think because blocks have a…
Earlz
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Transaction fees when a block chain is discarded

I'm a bit new to the bitcoin system, so I apologize if this is a "noob" question. A user attempts to take all the unverified transactions it knows about and aggregate them in a chain block. The same applies to all the users world wide - they all…
Gil Moshayof
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How to get the immature balance of an account?

I have run bitcoind and have several accounts. How do I get the immature balance of one account using RPC calls (if possible) ?
drcelus
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What does "generate" mean when it appears as a transaction's type?

What is "generate" as a bitcoin transaction type? Why are "generate" transactions labeled as "immature" for 100 blocks? Is this type of Bitcoin transaction spendable?
Efe
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What happens to the mining reward if the blocks gets replaced?

When a block is added to the blockchain, the miner gets rewarded. But what would happen to the mining reward if the network replaced the block's branch with another because the latter is longer? If it was legit then how would the miner reference to…
Galactus Gryffindor
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Spending block reward after subsidy end

After block subsidy goes to zero does a miner still have to wait 100 blocks to spend the reward (from the fees)?
zndtoshi
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What is the true number of confirmations before a LTC mined block moves out of the immature state?

I've read it's 100, 101, 120... I have a mined block that has more than 140 confirmations but is still displayed as "immature" by the wallet. How many confirmations are required before it leaves the immature state? Is this number variable? Thanks
user5286
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Why coinbase maturity is defined to be 100 and not 50?

I understand the logic behind coinbase maturity. One thing that I cannot find an answer for is why it's defined 100 and not 50? Is it just probability reason to decrease that orphan blocks will be created? What happen if I will decrease my coinbase…
liorko
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What is 'spendability of coinbase transaction after 100 blocks' in Mastering Bitcoin referring to?

Ch7 of the book writes at the end of the Introduction section: "After 100 blocks back there is so much stability that the coinbase transaction—the transaction containing newly mined bitcoins—can be spent" Can someone explain what is the author…
user2065276
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Anyone successfully mining bitcoins in Testnet3?

I've been chugging away on multiple machines for days, and while I get a lot of 'unconfirmed' and 'orphaned' and 'immature' blocks, nothing lands in my wallet. Anyone else having this problem? From the blockexplorer site, I can see blocks being…
user10215
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Why must generated coins mature 120 blocks before they can be spent?

I mine bitcoin testnet blocks and I find some blocks with difficulty 1. Some examples: I mined these blocks: Block 1 Block 2 Why must generated coins mature 120 blocks before they can be spent?
Kiet Ho
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