Linked Questions

1
vote
2answers
1k 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
1answer
158 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 ...
0
votes
0answers
25 views

Who actually gives the miner his Bitcoin reward? [duplicate]

I've read that calculating how much Bitcoin you have in your wallet is going through the ledger and computing who has given Bitcoins to you and who you have given Bitcoins to. Correct me if this ...
173
votes
8answers
106k views

What exactly is Mining?

I have heard that mining is for people with ready hardware and blah blah blah... But what exactly is it? Does it operate like real mining? I mean, people talk about it like you are physically mining.
116
votes
10answers
41k views

How much will transaction fees eventually be?

Some people keep evangelizing that Bitcoin transaction fees are much lower than in PayPal or with credit cards. However, once nearly all 21 million bitcoins have been mined, the network will still ...
59
votes
7answers
156k views

How many bitcoins will there eventually be?

Since bitcoins are being regularly rewarded to miners, will the number of bitcoins continue to grow indefinitely, or will there be a maximum total number of bitcoins in existence? And if there is ...
4
votes
1answer
2k views

When I buy a Bitcoin with dollars, where does the money go to?

I understand the networking concept of the coin, but I am not sure I understand the purchase process. Let's say I have 1000$ that I want to spend on Bitcoins, who do I give this money to?
1
vote
3answers
2k views

Transaction marked as “Newly generated coins” on Blockchain.info

On blockchain.info I saw a transaction labeled as "No inputs (newly generated coins)". Are these new coins generated from mining? How come that such a transaction can have 30 confirmations, while ...
4
votes
2answers
433 views

How do Bitcoin clients know how many new bitcoins to mint when creating a block?

I understand that lucky clients that create blocks get some transaction fees and are allowed to mint a few new bitcoins to keep for themselves. How do clients know how many new bitcoins to mint for ...
1
vote
2answers
598 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 ...
0
votes
1answer
496 views

How does bitcoin reward who find the block?

After getting the getblocktemplate, hashing it, finding a solution and generating the proper message to submit to the blockchain, if i ever solve a block how does the network knows it was me and ...
1
vote
2answers
394 views

What is the “certain criteria” to be a valid Bitcoin block?

I'm looking for information about Bitcoin. And I read this, it's really helpful. I already asked the question and many of you guys said it's duplicated, and link to the question "What exactly is the ...
-3
votes
1answer
75 views

Question about mining algo [duplicate]

Lets say mining block is generated in 18:00, next block is generated after 10 minutes in 18:10 by user GENERATOR_18_10 As I understand, all transaction fees (for transactions included in 18:10) will ...