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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2answers
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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
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1answer
116 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
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2answers
58 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
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1answer
98 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?
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1answer
28 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?
4
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1answer
68 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
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4answers
71 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
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0answers
44 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
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0answers
9 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?
-1
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1answer
81 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
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1answer
50 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
73 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
97 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 ...
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2answers
176 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
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0answers
17 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
99 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
91 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
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0answers
16 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
130 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
82 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
89 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
127 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
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1answer
80 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 ...
1
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0answers
20 views

What happens when the Block Reward of a Currency is Changed to a Greater Value? [duplicate]

What Happens if the Reward for block solving is changed to a very great extent and if most / all of the users update to that version with the edit.. For example if block reward is 12 x and it is ...
2
votes
1answer
110 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
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2answers
66 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
5answers
667 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?
2
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1answer
160 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
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1answer
58 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
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1answer
143 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 ...
2
votes
1answer
158 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 ...
2
votes
2answers
283 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 ...
4
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2answers
449 views

Must a Block contain a coinbase transaction?

Must a block contain a coinbase transaction? If so, how is this enforced?
0
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2answers
125 views

The number of Bitcoins in existence will never exceed 21 million

Many questions say so. I do not understand anything what you say there about the blocks. Just tell me how do you make it a currency of the future if most of the people (there is 7.5 billion of them on ...
0
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2answers
65 views

Which pooled mining scheme is better in terms of constant mining?

I'm comparing gash.io with slush scheme. Say I mine 24x7 without pool hopping at 5GH/s. Will the BTC amount be the same if I mine at slush or gash.io. And what if I get disconnected from either of ...
0
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1answer
399 views

p2pool merged mining

I installed p2pool on my server for triple merged mining - VTC, MON, PLX. Server is running smoothly, but I don'know how to setup my addreses in miner. I have read that you can add for example MON ...
1
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1answer
67 views

Premining documentation?

I'm looking for more information on how to actually premine a coin. I would be grateful if someone can show me an example. What I've tried so far does and not work, I'm basically mining the first ...
-1
votes
1answer
57 views

How can I limit the mining to specifics miners authentified by private key or something like that?

I know how to code in C++, but I don't know really how all mining system works. I have my altcoin, and I would like to block reward blocks to miners which are not authentified (something by private ...
1
vote
1answer
265 views

How are block rewards claimed in merged mining?

How do you claim a block reward on a merged chain? If I understood it right: let's say you are mining Bitcoin and Namecoin. When you find the solution to a BTC block, you include a transaction in the ...
2
votes
1answer
127 views

Is there a way of rewarding users who confirm others' transactions?

Users who confirm or validate others' transactions are performing a public service on the Bitcoin network. Is there any way to reward such users, perhaps by giving them priority for confirmation of ...
1
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0answers
59 views

Non LuckyCoin descendant alt-coins with fair “lucky blocks”?

Dogecoin just dropped the "lucky block" stuff after it was found out the "luckiness" wasn't entirely random - multiminers were waiting for the lucky blocks to appear and dropping their hashing power ...
2
votes
1answer
125 views

Verification of transaction once trasaction is broadcasted

I have few doubts regarding verification of transaction and am trying to find answers from last few days. I agree similar post exist in this portal but I am not getting satisfactory answer for my ...
1
vote
1answer
459 views

Coinbase maturity of 100 transactions [duplicate]

The protocol rules state that For each input, if the referenced output transaction is coinbase (i.e. only 1 input, with hash=0, n=-1), it must have at least COINBASE_MATURITY (100) ...
3
votes
2answers
184 views

Transaction fees when a block chain is discarded

I'm a bit new to the bitcoin system, so I apologize if this is a "noob" question. A user attempts to take all the unverified transactions it knows about and aggregate them in a chain block. The same ...
2
votes
3answers
215 views

Any need for coinbase field in coinbase transaction?

My understanding is that every block in the bitcoin blockchain has a coinbase transaction which contains a coinbase field. It is essentially an orphan field (placeholder) for use in claiming existing ...
1
vote
1answer
81 views

What is short pseudocode for determining the total number of bitcoins mined?

Here's what I have so far: total_epochs = current_block_height % 210000 total_coins = 0; for(i = 1; i <= total_epochs; i++) { reward = 100 / 2^(i * 210000 / 210000); total_coins += 210000 * ...
2
votes
1answer
434 views

How is block reward set in time?

Many coins have dynamic block reward over the time, for example Bitcoin was 50BTC/block years ago and now 25BTC. My question is how is it defined in the source code ? I searched in Litecoin's source ...
3
votes
3answers
349 views

Why is the reward decreasing while the difficulty of mining is increasing?

I was wondering why Bitcoin has been designed in a way that rewards are decreasing while the difficulty of mining is increasing. To me this is counter-intuitive and leads to the situation when miners ...
3
votes
3answers
328 views

Why Reward Size 50 (21 Million Coins)?

I have already read the following answer which is not really meaningful: 21 Million Calculation Here's a mathematical explanation: Calculate the number of blocks per 4 year cycle: 6 blocks ...
1
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2answers
206 views

Popularity based mining (variable block reward)

I am thinking of an alternative mining scheme where block reward would grow (or decrease) with popularity of the coin. The rationale behind this idea is to make an exchange rate more stable since ...