I just got home from seeing the new Bond flick. It was OK. I saw in the saw in the system tray location near my clock that I mined a 20TRC block. I'd like to donate to you and subStrata for helping me out, but I can't find the transaction. When I opened up my Terracoin client it said that I have one transaction, but I don't have an unconfirmed balance, or a confirmed balance. Since I've never mined a coin before, do I have to wait until it is mature to see it in my wallet?
Yes, you have to wait 120 conformations - that means 120 blocks to be solved after one you solved - for 20 TRC you've mined to
become available for spending. It's a security measure, and it's neccessary, since mining is the only way new coins are generated
and enter the Bitcoin system. For new coins to become accepted by system, they must be legit
beyond reasonable doubt, which
is what 120 conformations insure.
That makes sense. I thought that is what was happening.
I know how to tip a bartender and a cabbie, but how do I know what a TRC is worth to 'tip' or donate to you and FuzzyBear for your help.