nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze found their 4th #Bitcoin block today. Congrats to all miners! Also, oof. It was an empty block. 
Discussion
YES
#YESTR
Empty block? Anyone wanna school me on that?
It means they missed out on all the txn fees that would be in a full block.
So they just get the blow reward but no extras. Got it. Is that a common thing?
Yeah it happens fairly frequently. In theory it should happen exactly proportionally to the amount of time it takes to download the block template to the average block time. So as an example if it takes 4 seconds for the block to download to miners and the average block time is 10 minutes then on average 0.67% of blocks found will be empty.
Yes, but if they had discarded the empty block template that they HAD found a valid hash on, and then started trying to find a valid hash for the template that included all the transactions, they very likely would not have been lucky enough to find it, and therefore lost out on not only the transaction fees, but the block reward as well.
Block reward without transaction fees beats risking not getting either any day.
Luke's explanation on bird app https://twitter.com/LukeDashjr/status/1741967158282686683
Generally speaking, we have empty blocks being found quite often. When a new block is found, mining pools send miners a block template with no transactions so they can start searching for the next block as soon as possible. They send a block template full of transactions right afterward, but a full block template is a bigger data transfer and takes slightly longer to reach miners. In this intervening time, which is usually no more than 1-2 seconds, miners sometimes get lucky and find a new block using the empty block template.
Thank you for that explanation. It makes sense seeing that it’s a race. Why not try the fastest option as soon as possible. What’s the average transaction fee per block? Or how much is lost when the empty block is rewarded vs a normal block?
How scary to find a block and there is only a photo of an ordinal penis on it 😅🥒
It's what they would have wanted
ON THE BRIGHT SIDE IT WAS THEIR FIRST INSCRIPTION-FREE BLOCK 🥁
Still got paid, all good in da hood :-)
Great news
LMFAO. At least 0% spam in the block, Luke must be so proud.
Is that like getting an empty Christmas present?
Ask those miners if they received their share out of that coinbase. On curious. Tbh I hadn't looked at that block yet. My guess they didn't.
Also, ask the guys that have a small amount of their hash (the plebs) if they have been paid yet for anything. The ones that haven't hit their minimum threshold. The plebs that got sucked into the hype but have no chance of being paid anytime soon. See if they understood that part originally. The big Hashers probably don't give a fuck. They received guarentees that Ocean would pay their power bills if there was a dry spell right?
P.S. all mining pools are centralized.
I moved my hash from Braiins to Ocean the moment I saw their configuration was live. I wasn't fooled. I read everything. I knew what I was getting into and excited to do it. I haven't met the threshold yet as you suggested and I won't for a very long while. This isn't new though. This is how it's always been on Braiins. I'm actually getting paid a lot more sats than I would have with Braiins by using Ocean. I waited the better part of a year before and I'll gladly wait the better part of a year again to do my payout. 🫂