Is mining necessary for the transaction

1

If someone doesn't want to mine, this means that they don't create coinbase transactions. Coinbase transactions are necessary for every transaction.

Can one spend their bitcoin without having to mine?

Rinky Goyal

Posted 2016-11-12T14:03:36.547

Reputation: 11

Answers

2

Mining is necessary to create bitcoins, which happens with a coinbase transaction. But they can be transferred from person to person after that without mining. (Mining is still used to confirm those transactions, to ensure they cannot be reversed later; but the people making the transactions aren't responsible for that part of it.)

Think about the following analogy. Regular money is created with a printing press. But you yourself don't need a printing press in order to make transactions; somebody gives you money, and you give it to someone else. Sure, at some time in the past, someone had to print that money, but that isn't your concern.

Nate Eldredge

Posted 2016-11-12T14:03:36.547

Reputation: 21 420

You are right but for every block or transaction, coinbase transaction is necessary which is not possible without miningRinky Goyal 2016-11-14T14:54:23.787

@RinkyGoyal Right, but it doesn't matter who mines.David Schwartz 2016-11-15T13:29:12.170

1@RinkyGoyal: For every block, yes. For every transaction, no! You don't need a coinbase to make a transaction. When your transaction is confirmed by being included in a block, that block will contain a single coinbase transaction (created by someone else), but that block can contain a large number of ordinary transactions.Nate Eldredge 2016-11-15T13:33:03.773