Questions tagged [mining-reward]
This tag should be used for questions about the revenue generated by mining. For questions specific to coin generation transactions (coinbase transactions) use the tag Coinbase-Transaction. For questions about the block reward halving, use the tag reward-schedule.
364
questions
2
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3answers
320 views
Plot of distribution of all bitcoin transaction fees paid?
Is there a way to find and plot every transaction fee ever paid on the blockchain/bitcoin?
Background
I have read about transaction fees:
Though the average Bitcoin transaction may be around $25, for ...
0
votes
0answers
13 views
Equivalent of Etherscant for Bitcoin (econometric analysis)
I am writing the first chapter of my PhD thesis on the crypto market. I'm looking for an historical time series on mining rewards for the Bitcoin. Can you recommend me an open source and reliable data ...
13
votes
3answers
7k views
When, if ever, will “peak bitcoin” occur?
My (limited) understanding of bitcoin and other cryptocurrencies is that the costs of "mining" bitcoins was quite low in the early days, and the limiting factor in how fast they were mined ...
0
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3answers
66 views
To be more energy efficient, wouldn't be a consensual fork - right now - without the reward of new mined btc for each block helpful?
As the reward is lower, less effort is spend in mining new bitcoins. How the transactions fees will evolve would be quite crucial the get the miners activity down (and their energy consumption). I ...
1
vote
3answers
104 views
What would happen if the BTC price collapsed and the reward for mining dropped below the cost of mining?
Miners will only mine bitcoins if the reward they get from mining outweighs the cost of mining it.
The network difficulty is adjusted every 2016 blocks (approximately every 2 weeks).
If the price ...
1
vote
2answers
108 views
How do mining rewards get verified?
I understand that a miner who adds a new block can pay the reward to their address per the coinbase transaction, but who verifies that claim? Say, for example, I add a block, but instead of claiming 6....
0
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2answers
46 views
Is there any logical way that a “cloud Bitcoin mining” operation could be anything but a scam?
A few years ago, I paid (don't remember now if it was in Bitcoin or fiat) for a subscription to this "Cloudhash" scam. Basically, they claimed that I was "renting" a miner in their ...
1
vote
3answers
272 views
How can transaction fees be explained in a simple way?
I am reading the book Mastering Bitcoins 2nd Edition by O'Reilly, and it says:
Alice buys a coffee from Bob's Cafe for $1.50, or 0.015 Bitcoin
So Alice pays 0.015 Bitcoin, and Bob gets 0.015 Bitcoin,...
0
votes
1answer
36 views
How to choose the transactions for a block?
From my understanding, the memory pool (or transaction pool) contains "open" or "unconfirmed" transactions that have to be validated and can be chosen (arbitrarily?) to be part of ...
0
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0answers
21 views
How can a single miner be rewarded less than the current reward? [duplicate]
If a miner starts mining at 40 TH/s it'd make 0.0002462 bitcoin/day (according to this calculator).
Is ~0.0002462 bitcoin actually something that will belong to the miner after an effective 24h of ...
0
votes
0answers
20 views
In a closed, working test network, how would I generate a signed block that a Bitcoin miner would otherwise create?
I have a POC where the essential, critical, priority goal is to use C# and the .NET Core Framework (Bouncy Castle for crypto, or Microsoft primitives for BigInteger ) where I do the following
Accept ...
0
votes
1answer
170 views
If only one Bitcoin miner gets the block reward, is it worth mining only for the transaction fees as a (not-so-competitive) solo miner?
I have heard (but not that knowledgeable) about mining-pools. If a weak system joins the pool, it has a chance to get a portion of the block reward, but I assume that not all of the miners are joined ...
0
votes
3answers
42 views
how to explain to a child WHAT is BTC made of which is received as reward for mining a block?
i looked at different questions in this forum but cannot still clearly figure out. i am not a developer.
ok, we have currently 6,25 bitcoin as reward for miners. how to understand in 1-2 non-technical ...
2
votes
1answer
403 views
What happens to a coinbase transaction when no address is given?
The transaction block
This coin base transaction has no valid address for reward. Did we lose that reward bitcoin forever?
1
vote
2answers
101 views
Difference between crypto coin vs crypto block?
I have several doubts about cryptocurrency when I started(bitcoin) reading about it. I google it around and it only added to more confusion.
I am not able to understand the difference between a ...
1
vote
0answers
98 views
Attacker Changing Address to Receive Block Reward [duplicate]
A miner creates a block B which contains address α, on which he wants to receive his rewards. An attacker changes block B, such that instead of α it defines a new address α’, which is controlled by ...
1
vote
0answers
42 views
What is the relationship between bitmain-freq, Hashrate and Power Consumption?
I am running a few old miners (T9+) to heat my home and they are too loud and making a loss (which is ok, as I am interested in the heat). Following this suggestions (sticking with the standard ...
0
votes
2answers
92 views
How does Bitcoin choose to which miner the reward will go? [duplicate]
Let's say 100 miners with similar hashrate all try at the same time to mine the same block and finish at the same time, how will Bitcoin choose to which miner the reward will go? Is there some prority ...
0
votes
2answers
80 views
Can we check if a miner has validated the solution?
When a miner finds a solution for the block and broadcasts it to the other node, all the other nodes verify if it is a correct solution or not. The idea pops up a few questions in my head:
I read ...
3
votes
1answer
47 views
What does “generate” mean when it appears as a transaction's type?
What is "generate" as a bitcoin transaction type? Why are "generate" transactions labeled as "immature" for 100 blocks? Is this type of Bitcoin transaction spendable?
2
votes
3answers
106 views
Why do miners choose low fee rate transactions sometimes?
Miners prefer high fee rate transactions to low fee rate ones, but the part which I don't understand is why miners pick a low fee rate transaction that has been waiting for hours in the mempool into ...
0
votes
1answer
29 views
How to query rewards data from a block
I am trying to find out how much BTC has been mined over time hence I would like to query the rewards associated with a block. However, I cant seem to find the API endpoint from the BTC databases I ...
4
votes
1answer
320 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 ...
1
vote
2answers
372 views
How does the mathematical problem get harder for bitcoin mining over time?
How does it become harder for miners to extract bitcoin as time passes (excluding increasing computer capabilities and the competition between miners accordingly)? Is related to the amount of bitcoins ...
0
votes
1answer
50 views
After last bitcoin is mined, can miner(s) with nefarious reasons kill bitcoin by holding fees thereby deflating Bitcoin eventually to zero?
Just hypothetically speaking, once there is no more rewards and we transition entirely into transaction fee regime, if a miner (or group of miners) with unlimited supply of electricity, computing ...
0
votes
1answer
62 views
How do bitcoin nodes agree who first mined ablock?
Once transactions are broadcast and a node starts working on a proof of work, and finds it, it broadcasts it to all other nodes for that block to be verified and added onto their blockchain. All nodes ...
-1
votes
1answer
50 views
Could a computer virus made less than a mb, which is sent as transaction that attacks miners? [closed]
What happens if computer virus less than a mb is sent as transaction that attacks miners?
4
votes
2answers
320 views
Resources of a miner's reward in Bitcoin?
To compensate the miner who could solve the PoW as the first one, they will receive some bitcoins as a reward for keeping them motivated due to the costs related to mining process (electricity and ...
-2
votes
1answer
64 views
BITCOIN MINING POOL OPERATION CONCERN
I have contributed Bitcoin into a mining pool that was being promoted on Instagram. The miner of the pool informed me that the process consists of 5 cycles. He set an initial amount of Bitcoin to be ...
0
votes
1answer
52 views
How does a miner’s pubkey get passed into miner.cpp?
I understand that a miner using an application like pooler’s cpuminer can set a Coinbase-txn address where new coins that are generated to. I’m trying to override this setting in the code of the core ...
0
votes
1answer
47 views
Is it possible, with bitcoin-core or btcd, to manually set the scriptSig field in a coinbase transaction?
I am talking about when using regtest or simnet modes.
For context, it is so that I can create coinbase transactions with reproducible txids.
2
votes
2answers
262 views
When will the last block halving happen and when will the block reward fall to 0?
I could not find an answer for these questions:
I found out that there are 33 periods of 210,000 blocks?!?!? First one gave the miner 50 bitcoins per block, then 25, 12.5 ... and the last one 1 ...
0
votes
2answers
56 views
Incentive for miners to keep mining once reward get very low [duplicate]
Currently each winning miner receive 12.5 bitcoin or 12.5*10 000 dollar per successfully mined block and the amount of bitcoin receive is divided by 2 approximately each 4 years.
The incentive to ...
2
votes
2answers
53 views
How is it legal to award miners with coins made out of nothing?
I understand that block rewards are made out of nothing but say a miner wants to cash out on all of their bitcoins... this will lead them to obtain, let us say, the USD equivalent of all the bitcoins ...
0
votes
2answers
339 views
Bitcoin mining process-the leading zeros before the hash-how is the mining puzzle solved exactly?
Can someone please explain:
In Bitcoin proof of work, mining is done to create and validate new blocks. Who becomes the sole block producer is subject to winning a "mining puzzle".
As I understand, ...
1
vote
1answer
124 views
How to verify virgin bitcoin
I am willing to acquire bitcoin without transaction history (virgin bitcoin) at a premium. How do I tell that the bitcoins I receive do not have any prior transactions (except of the mining one)? What ...
-1
votes
1answer
127 views
Is it profitable to mine Bitcoin on iPhone X? [duplicate]
I'm a newbie to mining, so in just trying to explore our. I wish to know if it's profitable to mint it on iPhone X?
What I mean by profitability is making between $1000 - $3000 monthly by mining. ...
1
vote
1answer
186 views
When is the halvening? What are the dates of past halvenings?
When a miner finds a new block, they receive a block reward that is comprised of the transaction fees from that block, plus a set amount of newly minted BTC. When the network started, this block ...
4
votes
3answers
576 views
How to calculate coin supply at each block height from all transactions?
We are working on a small project and imported all block information to mongoDB. Right now we're aiming to calculate the coin supply regarding to the block number.
My plan is to loop through all ...
4
votes
3answers
449 views
What prevents miners from mining more bitcoin after 21million btc?
What prevents miners from mining more bitcoin after 21million btc was mined?
2
votes
3answers
86 views
Who will be the future miners? [duplicate]
We know that the bitcoin for mining a block is going to converge to approximately zero as the number of bitcoins will be almost constant after a certain amount of time. So, mining will no more ...
0
votes
1answer
35 views
0
votes
1answer
48 views
What will happen when the last bitcoin will be find [duplicate]
I have read there is a mathematical limitation of bitcoin count.
What will happen when a miner will find the last bitcoin ? I have read nobody will do mining anymore.
But, we will need miners in order ...
0
votes
1answer
33 views
reorg a bitcoin transaction
does anyone here have btc reorg full concept documentation that can be seen online?
also i wonder if a specific block can be reorged?
or all the blocks thats after the transaction must be reorged?
...
0
votes
1answer
48 views
what file/method is block reward processed?
I have managed to build an altcoin (from litecoin source) but my coin requires that I make changes to the way rewards are made. I have been looking at the source code to try to find where block reward ...
2
votes
1answer
112 views
Can a miner give themselves less than the maximum block subsidy if they wish to do so?
The current maximum block subsidy is 12.5 bitcoin. A mined block recently got rejected from full nodes after a miner tried to post the block subsidy as 13.26 bitcoin. But what about in the other ...
1
vote
1answer
165 views
Chicken and Egg confusion over Bitcoin generation
If Bitcoin is rewarded through mining, and mining is the process of packing some transactions in a block(and adding that block successfully to the blockchain), and on the other hand, a transaction ...
0
votes
1answer
503 views
How does one mine a fraction of a bitcoin?
I'm new to the whole bitcoin stuff.
The stuff I've read about mining so far told me that when a node in blockchain finally finds the correct nonce for a block that can be accepted in blockchain, it ...
0
votes
1answer
194 views
Am I Being Prodded By A Bitcoin Mining Scammer?
I had someone approach me via an insta post, because i found his account and liked a photo. He said he was a bitcoin miner and forex trader in LA california, and asked if i was interested in earning ...
2
votes
1answer
196 views
Mining Pools Transactions Fee
I am learning about mining pools and trying to understand their reward structure and transactions fees.
Looking at the two largest pools, Antpool & BTC.com, as far as I understand AntPool uses ...
