Linked Questions

4
votes
3answers
10k views

How could the dogecoin increase the limit of money supply?

As far as I know, Dogecoin will only have 100,000,000,000 coins in total. But how can the supply of coins remain uncapped? How could it produce unlimited dogecoins? Is there any specific skill to make ...
4
votes
2answers
96 views

How do fees get processed in bitcoin? (protocol question)

If the fee isn’t written into the ledger, and it’s just the difference between the input transaction amount and the output transaction amount, how does the miner prove he has access in his wallet to ...
3
votes
2answers
667 views

Could speculation some day rise bitcoin to the moon? [closed]

I saw too many questions about bitcoin losing value. But in my view, 21 million bitcoins is relatively less money (ie., units) than other currencies. Why wouldn't Bitcoin's value rise simply due to ...
2
votes
2answers
121 views

Is it possible that bitcoin community along with core developers introduce new bitcoins into the system for the good cause?

I want to create a imaginary scenario here to clarify my question. Let's say, a bitcoin community is thriving at Cuba. Somehow few thousand Cubians manage to relocate at the remote location at Cuba ...
2
votes
2answers
786 views

Will mining in the (far) future produce a payout? [duplicate]

According to this question, there will only be 21 million bitcoins at most. These coins are being produced logarithmically by mining, so the payout will decrease as time goes by. When all 21 million ...
1
vote
2answers
163 views

Beginner's Explanation [closed]

I'm interested in learning more about how bitcoin, mining, and blockchain technology work. I'm a student and don't have a strong background in computing, and I'm looking for a layman's explanation of ...
1
vote
2answers
658 views

When you mine bitcoin, where does it come from?

When I ask the real concept, that's because I can't understand how those math processing can generate something, I mean, if you think in a way to generate "money". I know it may sound like stupid ...
4
votes
1answer
447 views

Who decides the block reward in Bitcoin?

I know that when a miner mines a block, he will be rewarded with some bitcoins. But who decides how much bitcoin he will get? If it is decided by all the miners (as they are the ones verifying ...
2
votes
1answer
85 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 12....
2
votes
1answer
182 views

How come the block reward keeps only getting halved but there is an upper limit for bitcoins in existance?

The maximum number of bitcoins that can exist is 21 million. New bitcoins are made by confirming that transactions happened. Every 4 years the amount of bitcoins people get when they solve a block is ...
1
vote
1answer
61 views

Is it technically possible to change the total amount of Bitcoin?

Also, is it possible to change the reward cycle duration or the number of mining- reward coins?
1
vote
1answer
591 views

When will there be no 'mineable' bitcoins left?

At today's rate of progression when will the market cap of 21 million be reached? If bitcoin increases at such a rate. In addition to this, is it true that when the market cap is reached, miners will ...
1
vote
1answer
2k views

Why is the hashrate getting so high?

The Bitcoin hash rate is MASSIVE right now. What exactly causes the hashrate to increase?
1
vote
1answer
330 views

Who will verify any transaction when the upper bound to total number of bitcoins is reached? [duplicate]

I've read that there will be around 21 million BTCs. (How many bitcoins will there eventually be?) Also, to my beginner understanding, it seems that miners verify the active transactions. (What are ...
0
votes
0answers
34 views

basics of cryptocurrency [duplicate]

I recently became interested in cryptocurrency and its mining process but there are a few things I don't understand very well and I am still trying to learn the basics more before getting into trading ...

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