Linked Questions

4
votes
1answer
684 views

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

Is the genesis block reward forever unspendable?
2
votes
1answer
1k 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 (...
0
votes
2answers
82 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 ...
38
votes
3answers
12k 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 ...
3
votes
6answers
7k 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?
3
votes
2answers
6k 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://...
2
votes
3answers
1k 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 ...
3
votes
1answer
1k 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)[...
3
votes
2answers
829 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 ...
1
vote
1answer
369 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 ...
0
votes
1answer
257 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 ...
1
vote
1answer
233 views

Can I look for transaction in the genesis block?

I'm testing bitcoin and, as an experiment, I added a transaction after the coinbase to the genesis block. However, it appears that it can't be searched with the rpc commands. Why is that? I already ...
1
vote
1answer
98 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]...