Collects questions about the revenue created by mining. For questions specific to coinbase transactions use [Coinbase-Transaction], for questions about halving use [reward-schedule].

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3
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1answer
11 views

Without side chains will transaction fees rise as block rewards fall?

Transaction fees are currently minuscule when compared to block rewards. Even if transaction volume was 10x higher than it is now, this would be the case. Is there any realistic scenario where ...
6
votes
0answers
42 views

Are there any projections about when transaction fees per block will equal block reward?

A spreadsheet with a base projection and the following editable variables (for a given block height) would be great: BTC transaction volume per block Number of transaction per block Average ...
0
votes
1answer
74 views

Will mining be viable after the halving?

So I don't understand the halving very well, will miners just make half as much? Will the price double or the difficulty change? Will bitcoin mining just become so hard it ceases to be cost effective? ...
2
votes
1answer
137 views

What are the possible Doomsday scenarios for the 2016 Halving from 25 to 12.5 BTC per block solved?

The 2016 halving is coming from 25 to 12.5 BTC solved for every block. For us to understand the effects. What are some possible doomsday scenarios that can happen?
1
vote
1answer
25 views

What is the exact value of upcoming block rewards?

Wrote a simple script that literally just halves 50 BTC (the initial block reward). Are these block rewards correct or are the satoshis being rounded up/down incorrectly? 50.00000000 25.00000000 ...
-1
votes
1answer
40 views

Bitcoin Halving - What is it? How is it calculated? Does it affect my bitcoin balance?

I have read a lot about the halving that is set to take place later this year, but my question is how is halving calculated? Will it also effect my bitcoin balance as a whole?
1
vote
1answer
109 views

Why is the hashrate getting so high?

The Bitcoin hash rate is MASSIVE right now. What exactly causes the hashrate to increase?
0
votes
0answers
18 views

Block #399505 has only one transaction [duplicate]

By coincidence I noticed a block with only one transaction: Block #399505 The one transaction in it is the 'new bitcoin' transaction. Did a miner succeed in hashing a block that has no other purpose ...
1
vote
2answers
419 views

Halving reward, price effects? [duplicate]

What is the case after halving reward takes place: Would bitcoin price gets double, since its harder to mine? Would Blockchain introduces more blocks (e.g: 1/5mins)?
6
votes
1answer
125 views

Why would a Bitcoin miner take less than the full reward?

In "Mastering Bitcoin", the author notes (source): The maximum number of coins mined is the upper limit of possible mining rewards for bitcoin. In practice, a miner may intentionally mine a block ...
3
votes
2answers
75 views

Why are coinbase transaction outputs greater than reward?

If the sum of the coinbase transaction's outputs must be less than or equal to the current reward (25 btc currently), why in practice do blocks have a slightly higher coinbase transaction output (for ...
2
votes
1answer
115 views

Awarding yourself more than 25 bitcoins

If the reward is actually a made up transaction with no inputs, what's blocking miners from awarding themselves more than 25 bitcoins?
0
votes
1answer
39 views

Is the reward for successfully mining a block a transaction on the bitcoin network?

If so, what are inputs to that transaction? If not, how are rewards tracked in the network?
3
votes
1answer
90 views

Mining for nil-transaction blocks only - gaming the incentive scheme by rogue miners / consortium?

I understand that there is incentive to include transactions where the output is less than the input so that the block creator can pocket the difference. But I'm wondering if that is really worthwhile ...
3
votes
4answers
90 views

How do transaction volume and block reward relate?

As an example, assume a block has 10 transactions with a total value of 1BTC. Does a miner get 25 BTC for validating and committing that 1BTC? What's the economics of this model?
0
votes
0answers
50 views

Need to increase mining operation power handling

What hardware do you need to increase mining operation power handling distribution for capabilities of handling the voltage/wattage? Any information about this topic is appreciated, thank you.
1
vote
0answers
10 views

What happens when the last bitcoin is mined? [duplicate]

If miners are who do the bookkeeping for bitcoin, what happens when mining is no longer profitable, or there are no more coins to mine? Who does the bookkeeping?
8
votes
2answers
741 views

Is it possible to “unmine” particular coins?

Imagine that a government seizes a large amount of bitcoins in a raid such as with "Silk Road". Is it possible to invalidate those particular coins and send them back to the "pool" to be re-mined so ...
-1
votes
1answer
134 views

is there a new coin in the market that can be mined using CPU only?

what is the coin name that I should mine using my persona PC CPU to make any kind of money. my expectation is that it will be a coin designed to be mined using CPU mainly and in the same time, has a ...
3
votes
1answer
60 views

Can transaction validation really be free?

If you don't validate a transaction, then you are at risk for relying on it, propagating it, or including it in a block you're mining. For this reason, the default behavior is to validate every ...
2
votes
1answer
106 views

Coinbase transaction's 100-block cooldown period

From the developer guide: The UTXO of a coinbase transaction has the special condition that it cannot be spent (used as an input) for at least 100 blocks. This temporarily prevents a miner from ...
1
vote
1answer
78 views

Could increasing Block size solve the “End of mining” issue

Disclaimer: I am new to this forum and Bitcoin/cryptocurrency in general. After all 21 million bitcoins are released into circulation, it seems that the incentive to mine is gone unless transaction ...
1
vote
0answers
9 views

Mining incentive and bitcoin limit [duplicate]

As I understand it mining provides the security for the blockchain in that it makes it hard to forge a transaction. The incentive for finding eligible hashes is a reward in the form of Bitcoin. As ...
0
votes
0answers
16 views

Details of Bitcoin mining rewards [duplicate]

I'm looking for some details about how Bitcoin mining rewards are doled out. It seems like the world of Bitcoin mining is composed of CPU miners, GPU miners, ASICs miners, and mining pools. And it ...
1
vote
1answer
101 views

Dynamic coinbase as incentive to fill blocks

Miners do not currently have a monetary incentive to fill up blocks with transactions (tx fees are negligible compared to the coinbase tx). Those miners that do fill up the blocks may do so with the ...
1
vote
2answers
224 views

When creating a block, who actually generates the 25 bitcoins that act as a reward? [duplicate]

I realise that somebody who manages to find a new block in the blockchain gets 25 bitcoins as a "reward". Where do these bitcoins actually come from? How are they minted? How are they actually ...
0
votes
0answers
20 views

What are my profits? [duplicate]

I am thinking of starting to Bitcoin mine with the Antminer S5, which has a hash rate of 1155 GH/s, but I'm confused about how I can calculate my profits. The electricity expenses are exactly $1.00, ...
3
votes
1answer
117 views

What Value does mining provide?

After reading the O'Reilly book and perusing online resources, I'm still confused about the value that the actual mathematical mining provides to Network (I understand it does provide value, but not ...
2
votes
1answer
115 views

What sort of calculations do the miners have your computer do? [duplicate]

I recently heard of a new cryptocurrency (or maybe it's not new and I'm just out of the loop) called Gridcoin which uses your GPU/CPU/ASIC to do research calculations rather than "meaningless" ...
1
vote
0answers
17 views

When all bitcoins have been mined, how can the Block Chain's interaction be supported? [duplicate]

I've understood for a while that bitcoin mining was a process that required computers to solve increasingly difficult problems in order to mine a block. It wasn't until now that I realized those ...
1
vote
2answers
142 views

Bitcoin Block Reward value

How can someone calculate the current/real-time value of a Bitcoin block? What is the equation/algorithm used to determine this? I've found a few resource online, but I'm a little confused
0
votes
1answer
88 views

When / how frequently do miners get paid for transaction fees? [duplicate]

When or how frequently do miners get paid for transaction fees?
1
vote
1answer
107 views

What is the motive of a miner to include transaction in a block?

My question is divided into different parts : Can a block include only coinbase transaction ? Why should a miner wait \ include more transaction after starting to create a block ? If a miner stops ...
1
vote
1answer
144 views

Reward system bitcoin

I'm not entirely sure how the reward system in Bitcoin works. So, every 10 minutes a block is solved and 25 bitcoins are rewarded to a miner (or group). This happens in proportion to the amount of ...
0
votes
1answer
91 views

How are bitcoins generated during mining? [duplicate]

I know that when someone is able to find a block and hash that can be attached to the chain, he will be awarded with "newly found bitcoins" However, isn't mining simply finding the hash? Where do ...
4
votes
1answer
129 views

Is the Bitcoin rewards formula flawed?

This paper argues that the bitcoin 4-year reward halving system very disturbing. We see absolutely no reason and no benefit of any kind to have this sort of mechanism built in a crypto ...
2
votes
2answers
67 views

If the temporary 8 decimals limit is removed, will the reward continue halving forever instead of eventually going from 1 satoshi to 0 satoshi?

If the temporary 8 decimals limit is removed, will the reward continue halving forever instead of eventually going from 1 satoshi to 0 satoshi?
2
votes
0answers
39 views

If only six blocks are solved per hour, then how are more than six miners getting paid per hour? [duplicate]

According to this page on average six blocks in the Bitcoin network are solved per hour, yet there are thousands of Bitcoin miners and presumably more than six of them are making money every hour. ...
2
votes
5answers
865 views

Who issues bitcoins and how?

I can't find information on who actually issues the bitcoins. I understand that miners generate new bitcoins but what party is responsible for issuance?
1
vote
1answer
63 views

How does the Bitcoin network checks if the miner has changed the mining reward? [duplicate]

You know the mining reward is just a number in the code,what if a miner changed it?
-3
votes
2answers
212 views

How to premine our coins in my altcoin?

I want to premine our coin, but I'm not able to understand which function from which file actually generate coin. So if you know than let me know so, I can understand that code and implement my own ...
2
votes
1answer
172 views

Why bother having limitations on Bitcoin Coinbase Transaction Scriptsigs?

There are a few limitations on the structure of the coinbase (reward) transaction in a block. There is only one input. vin.size() == 1 (source) It doesn't reference any previous output. ...
1
vote
1answer
368 views

How do miners receive transaction fees?

I know that in a transaction, the difference between the amount and the sum of the outputs is the implicit transaction fee, but how do the miners that verify the block containing that transaction ...
0
votes
1answer
329 views

How to fork an Altcoin Which has 0 Reward Block to continue mining after the LAST POW BLOCK

Im trying to learn how is it possible to Hard Fork an Altcoin Blockchain to Continue the Mining Phase after the LAST POW BLOCK. The Block Reward is already 0 and the LAST POW stops at Block 8000. And ...
1
vote
1answer
64 views

Can the coinbase transaction be used to spend an UTXO?

I know the coinbase transaction's input is usually just has a dummy scriptSig, but what if a miner used it to spend an UTXO? Would it be verified as an actual spend, or would the block be rejected?
1
vote
1answer
157 views

Do Miners get a reward for re-confirming blocks?

As far as I know, to ensure double-spending didn't happened and also for other security reasons, there is minimum number of confirmations that a transaction should have to be accepted. That value is ...
1
vote
2answers
388 views

Is mining an instant process or it generates fraction of coins constantly?

There are hashing calculators in the internet that tells the average amount of bitcoin you'll make in a period of time. I know that when you generate a block you gain 25 BTC (I guess it is still the ...
2
votes
1answer
228 views

Mining on Pegged Side Chains

How would mining, theoretically, work in Pegged Side chains? If mining can be done on these side chains, then it seems like too many coins could be created. And once they were used in transactions, ...
2
votes
1answer
229 views

Who generates the coinbase transaction?

As the wiki article says, Given just those fields, people would frequently generate the exact same sequence of hashes as each other and the fastest CPU would almost always win. However, it is ...
3
votes
2answers
337 views

How did Satoshi manage to mine so many bitcoins being the first user of the system?

I'm just learning about Bitcoin and if I understand its conception properly, mining bitcoins means validation of transactions by computing a hash which should satisfy some preset condition. In other ...