<p>Verifying the validity of transactions is not the same as mining. Verifying transactions means that you are just running a full node; mining is taking those transactions and putting them in blocks so they are committed to the blockchain. You can run a full node and verify transactions, but you won't get compensated for it. Only miners can earn money as they are spending the energy and work required to generate blocks.</p>

CC BY-SA 3.0
2017-07-05T20:35:33.023Z
Doesn't that .001 bitcoin that gets taken out of my transaction go to the people verifying it?  if not who does it go to?
Isak Jones
CC BY-SA 3.0
2017-07-05T20:39:55.383Z
Transaction fees go to the miners.
Ava Chow
CC BY-SA 3.0
2017-07-05T20:42:51.583Z
Is that for taking the transaction and putting it into a block?  I thought miners where the ones getting the new bitcoin, if not, am I looking to become a minor then?
Isak Jones
CC BY-SA 3.0
2017-07-05T20:46:09.177Z
Yes. Miners receive all transaction fees and the newly generated coins too. If you want to earn money from "verifying transactions", then you have to be a miner.
Ava Chow
CC BY-SA 3.0
2017-07-05T20:48:35.227Z
Ok, I will look into that more than, I didn't grasp that with the research I had done.  Thanks for the info and are there any sources you would suggest I dig into before starting?
Isak Jones
CC BY-SA 3.0
2017-07-05T19:01:42.927Z
2017-07-05T19:01:42.927Z
Ava Chow
<p>I started investing in bitcoin about a year ago, did minor research and decided mining wasn't worth it because of the odds against finding a bitcoin.  Lately I've started wanting to verify peoples transactions because of the high price of bitcoin and because from my understanding if you verify a transaction you get a small cut for the work of your computer.<br>
The thing is I still don't know if I want to mine, I can't leave my computer connected to the internet all day and have it's processor tied, but from the research I've done I am under the impression that in order to verify transactions I need to be mining as well.
So I guess my question is, can I verify transactions without trying to mine bitcoin, can I do it here and there when my computer is free and connected to the internet, and is there any resource I should read to help get me started?
Thanks for the help, sorry for the noob question.</p>

<mining-hardware><mining-profitability><transaction-verification><verification>
Do I have to try to mine bitcoin in order to verify peoples transactions?
Isak Jones
# Do I have to try to mine bitcoin in order to verify peoples transactions?

(Asked by: username_0 on 2017-07-05)

I started investing in bitcoin about a year ago, did minor research and decided mining wasn't worth it because of the odds against finding a bitcoin. Lately I've started wanting to verify peoples transactions because of the high price of bitcoin and because from my understanding if you verify a transaction you get a small cut for the work of your computer.  
The thing is I still don't know if I want to mine, I can't leave my computer connected to the internet all day and have it's processor tied, but from the research I've done I am under the impression that in order to verify transactions I need to be mining as well.
So I guess my question is, can I verify transactions without trying to mine bitcoin, can I do it here and there when my computer is free and connected to the internet, and is there any resource I should read to help get me started?
Thanks for the help, sorry for the noob question.

**Tags:** mining-hardware, mining-profitability, transaction-verification, verification


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## 1 answers

### Answer by username_1 on 2017-07-05. Score: 0 | Accepted answer

Verifying the validity of transactions is not the same as mining. Verifying transactions means that you are just running a full node; mining is taking those transactions and putting them in blocks so they are committed to the blockchain. You can run a full node and verify transactions, but you won't get compensated for it. Only miners can earn money as they are spending the energy and work required to generate blocks.

> **Comments:**
> **username_0**: Doesn't that .001 bitcoin that gets taken out of my transaction go to the people verifying it?  if not who does it go to?  
> **username_1**: Transaction fees go to the miners.  
> **username_0**: Is that for taking the transaction and putting it into a block?  I thought miners where the ones getting the new bitcoin, if not, am I looking to become a minor then?  
> **username_1**: Yes. Miners receive all transaction fees and the newly generated coins too. If you want to earn money from "verifying transactions", then you have to be a miner.  
> **username_0**: Ok, I will look into that more than, I didn't grasp that with the research I had done.  Thanks for the info and are there any sources you would suggest I dig into before starting?  

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