Linked Questions

5 votes
1 answer
1k views

Is it true the genesis block reward can't be spent forever? [duplicate]

Is the genesis block reward forever unspendable?
Zamicol's user avatar
  • 293
3 votes
1 answer
2k views

Why I cannot get transaction from genesis block [duplicate]

When I run command getrawtransaction 4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b in my bitcoin-qt console (or bitcoind), I get No information available about transaction (...
Zergatul's user avatar
  • 958
0 votes
2 answers
387 views

Is the transaction within Genesis block spendable? [duplicate]

Are the transactions added to the genesis block spendable, just like any other transactions from other blocks, or is that an unspendable coinbase transaction. In other words.. Is the transaction ...
picolo's user avatar
  • 117
2 votes
0 answers
53 views

What in detail makes the Coinbase in the Genesis Block unspendable? [duplicate]

I was aware that the Genesis block's reward was unspendable, and that there was no UTXO for it in the UTXO Set. I thought that this was due to the Genesis block being hardcoded and the actual ...
Murch's user avatar
  • 75.7k
64 votes
3 answers
22k views

Will there be 21 million bitcoins eventually?

Every x blocks the mining reward is halved. Will the reward be halved forever such that we never quite reach 21 million bitcoins, or will we reach 21 million bitcoins at some point and will the reward ...
erikvold's user avatar
  • 893
3 votes
6 answers
10k 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?
Carli's user avatar
  • 31
3 votes
2 answers
7k views

How Would One Premine an AltCoin?

Looking to create an Altcoin for fun and I heard about premining. Can this be done to premine all the coins without leaving my computer mining for days? I followed a guide here: http://...
1ManStartup's user avatar
3 votes
3 answers
2k views

How do I find a pubkey and the nbits value to generate a genesis block?

I am hoping to create a new cryptocurrency from a Bitcoin fork, mostly for learning, and a little bit of fun. I roughly followed this answer to get as far as I am, but the genesis generator requires a ...
Jordan LaPrise's user avatar
3 votes
1 answer
2k views

How we decode output address from Bitcoin genesis transaction

Accordingly to blockchain.info, the first bitcoin transaction ever spends 50 BTC to the address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. The pubkey script of that transaction is PUSHDATA(65)[...
vdudouyt's user avatar
  • 163
3 votes
2 answers
1k views

How to make genesis block transaction spendable?

I read this question Why can’t the genesis block coinbase be spent? . It says because of some quirk (the genesis block coinbase transaction is not added to the global transaction database) genesis ...
somesh's user avatar
  • 457
1 vote
1 answer
1k views

Premine coins from genesis block are gone after one transaction from account/wallet

Please check the whole question once before giving negative marking or Mark as duplicate of Why can’t the genesis block coinbase be spent? Why I cannot get transaction from genesis block [duplicate]...
user1140237's user avatar
1 vote
1 answer
357 views

How is the Bitcoin Mined in Genesis Block Brought into Transaction?

I'm studying the source code Bitcoin, and have no clue to this question. It looks like the genesis block is mined "out-of-band" (given a timestamp, and a message with no transaction information) and ...
Summer_More_More_Tea's user avatar
3 votes
1 answer
509 views

What was the design decision behind that the coinbase field can have arbitrary data?

From what I learned, the coinbase field in the block reward transaction can carry any data (As long as smaller than 100b). Why that actually? Was it easier to implement in the beginning? I would just ...
Borph's user avatar
  • 415
0 votes
1 answer
231 views

Why explorers show difference balance for genesis block?

When I check balance for the address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa - different sources show different results. 66.92700504 BTC https://bitref.com/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa https://www....
lebed2045's user avatar
  • 135
2 votes
1 answer
218 views

Genesis block coinbase transaction without confirmations

Why the coinbase transaction, comming from the genesis block, don't have confirmations? All the others coinbase transactions have confirmations, but not in the Genesis block.
user1710825's user avatar

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