Questions tagged [mining-reward]

The monetary incentive for mining, especially how block rewards are generated, claimed, and composed. 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.

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What's a K and What's a G?

I'm currently mining PYI SOLO. My Miner says found sharer of difficulty of 337333.87G the difficulty is around 87k. My question is how many G do I need to find a block? I don't know what a K means ...
Frank Ramon's user avatar
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Do any mining rig configurations divide hashing into pieces to be distributed across nodes?

Are there any mining rig configurations in which a block is divided some how so that multiple nodes can process a piece of the same block in some sort of divide and conquer approach? For example if ...
Usman Mutawakil's user avatar
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1 answer
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On average what percentage of the total block reward comes from transaction fees?

Question Hello. At the time of this question the reward per block is 6.25 bitcoins. But if I understand correctly that does not include transaction fees. On average, in addition to the 6.25 bitcoins, ...
Usman Mutawakil's user avatar
2 votes
1 answer
52 views

Mine blocks to specified address in regtest mode

I am running the ruimarinho/bitcoin-core docker image and trying to understand why the block reward is going to the wrong btc address. I have the following scenario: $ bitcoin-cli -regtest ...
Kevin's user avatar
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I messed up? Am I saddled with a $2000 tx fee?

I have 5 hosted ASIC miners mining bitcoin. For about 2 years, these miners have generated about .001 bitcoin a day and everyday I have that amount sent to my ledger hardware wallet. So there are ...
Alpha Byte's user avatar
3 votes
1 answer
149 views

Will the majority of miners quit mining next year if the price of bitcoin remains as it is today? Can it harm the network?

Below are some parameters that apply to the Bitcoin network today Current price for producing one Bitcoin block is around ~$150,000. Current price for one Bitcoin is ~$45,000. Current reward for ...
Qwerty M3's user avatar
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Calculating daily mined BTC

Hopefully an easy Question. I was updating some data tables and wanted to estimate monthly yield based on difficulty and known hashrate of the miner in this cash 110 TH/S. I had it in my head the ...
K Sylvester's user avatar
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1 answer
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What is fee sniping?

What is a fee sniping attack? In several places I came across a mention of this type of attack, however, it is not clear to me what it represents. They also say that today it is not so common and ...
LeaBit's user avatar
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What percentage of mined nonces fail to join the consensus blockchain?

From Wikipedia: The PoW requires miners to find a number called a nonce (a number used just once), such that when the block content is hashed along with the nonce, the result is numerically smaller ...
MWB's user avatar
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If miners are paid when they solve a block, how can a miner who is not in a pool make less than the block reward?

I have heard of miners making much less than the block reward and I had assumed they were being paid also for processing transactions which would be potentially many small amounts. However, if these ...
releseabe's user avatar
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What prevents a faster, better-connected node stealing a miner's block solution?

Some questions already adressed similar issues (preventing fraud in a mining pool, what prevents a pool miner for stealing an entire block) but my question is different from those, if I understand ...
totalMongot's user avatar
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What fields of a coinbase transaction can be empty?

Is it correct to say: As the coinbase transaction doesn't need to identify an output, there is no need for the input scriptSig. Would a block be accepted in which the coinbase transaction has an ...
Lee's user avatar
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Is it possible to create an output locked to a specific mining difficulty target?

When the network sees a block appear with enough difficulty nodes can detect this as potentially the longest valid chain allowing the blocks miner to officially claim the block reward via coinbase ...
Poseidon's user avatar
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Is it possible to mine 1 btc in one day?

I am working in a company and my boss has ordered me to design a rig that can mine up to 1 BTC in a single day. I want to ask if is it possible. If it is then how much hash rate wil be required and ...
Junaid Khalid's user avatar
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1 answer
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Why is block 679115 empty?

This block is completely empty (except the coinbase transaction). Why would a miner want to discard the fees it can take from transactions? I know it's possible that a miner mine an empty block. But I ...
Amir reza Riahi's user avatar
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1 answer
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Bitcoin Mining Pools Centralization

I read a couple of articles and watched some YouTube videos, but couldn't find a super convincing argument for why centralized mining pools are not a huge issue. I get that from a Game Theory ...
xor's user avatar
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Sum of block values not zero?

Take for e.g. block 163440. The amount paid out in the coinbase transaction is not reward+fees. Does the network not require blocks to have a sum of zero for all transactions + block reward? ...
ManuelSchneid3r's user avatar
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Which RPC method is used to mine bitcoin?

Which of the following RPC methods is used to mine bitcoin and receive its reward? generateblock submitblock submitheader What is the difference between these methods?
Ali's user avatar
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Does the miner determine the amount of coinbase transactions manually?

When the miners try to extract the block with the submitblock method, do they determine the amount(value) of coinbase by themselves? Or does the network automatically give them some amount as a reward?...
Ali's user avatar
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Mining Bitcoin with scrypt, what will happen.. i

What will happen if we mine bitcoin with scrypt algorithm... I tried with it by connecting to a bitcoin pool, with cgminer and it shows new block detected messages.. And what will happen if, I mine ...
Qwerty Asdf's user avatar
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Mining- New Supply of Bitcoin

Is new supply of bitcoin only brought about due to miners selling their mined bitcoins or does the mining process distribute bitcoin back into the system in addition to the miners reward/transaction ...
Tom's user avatar
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Transaction blocks vs bitcoins

Sorry if this question is too basic or if it has somehow been answered before... My understanding is that any type of Bitcoin block must be first mined, which applies to transaction confirmations, for ...
Julius Lerm's user avatar
1 vote
1 answer
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How can an attacker change the address to receive someone's reward

At the end of my lecture, my lecturer asked a question that we never had time to cover: A miner creates a block A, which contains address b, on which they want to receive their rewards. An attacker ...
Krzysztof Jaminski's user avatar
2 votes
1 answer
156 views

Where are rewards sent when using `bitcoind submitblock N`?

Where are the rewards sent when using the submitblock function in the case the block is okay?
Invest Data Systems FR's user avatar
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Why is randomness needed in Proof-of-Work?

In Proof-of-Work (PoW) mining, a miner that contributes 10% of the network hash rate will on average receive 10% of the mining rewards. "On average" means that 10% of blocks are mined by ...
arni's user avatar
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How is crypto Mining actually validating the block?

As far as I understand in crypto-mining you are trying to find the nonce such that the hash starts with some amount of zero's. I do not understand how this nonce is used to actually validate anything.
koalaMaybe's user avatar
1 vote
1 answer
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How are transaction fees split in the network?

How are transaction fees split in the network, do all the transaction fees go directly to the miner or is there any kind of percentage of fee allocation to peers/validators for relaying transactions ...
Arjun Reddy's user avatar
1 vote
2 answers
320 views

How do transaction verification and adding a block to the blockchain fit together?

I have the below questions: How is a transaction added to a block? Do miners get a reward for adding a transaction to a block? How is that block then added to the blockchain? If everyone (miners) are ...
Tanzeel Malik's user avatar
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What are the incentives behind mining different coins (i.e., profit-switching)?

Consider for example BTC and BCH (and possibly BSV) that are coins with significant market capitalization and share the same algorithm (SHA-256). We observe: (i) Large miners (or mining pools) divide ...
arni's user avatar
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1 answer
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Why did Satoshi choose to start the block subsidy at 50 bitcoin per block?

It would seem that the subsidy for the first 4 years (210,000 blocks) could have been 40, 100, or any other value. Was there a reason Satoshi choose 50? Or was that an arbitrary decision?
Larry Ruane's user avatar
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1 answer
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Do block rewards appear immediately in the miner's wallet?

This question is about how Bitcoin rewards would appear in a miner's wallet. Let's assume that two miners have solved the next block hash, and broadcast their block to the network simultaneously... ...
Matthew Layton's user avatar
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How do bitcoin miners collect coin?

I was wondering how miners claim the reward? They find the nonce and then do they send that value to a Bitcoin server endpoint where it's validated? I'm not trying to reinvent the wheel but I don't ...
gph's user avatar
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2 answers
141 views

When mining a block reward, does it have to have an ip address present in order to complete the reward

When mining a block reward, Does it (The reward provider)have to have an IP Address/Computer Connected to Internet) present in the whole process in order to complete the reward on the block chain.What ...
Marcswrth's user avatar
1 vote
1 answer
55 views

Can the mining reward ever go up?

Can the mining reward ever go up? I believe the answer is no, and the only way it will go up is if the miners decide to change the protocol. But, I wanted to check with the experts. Thanks!
septerr's user avatar
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Can I confirm a transaction myself as a node?

I see notes that when I make a transaction, I can set the fee myself. But, if I set it too low, then the miners may decide not to take it because the fee is too low. Can I make confirmation myself as ...
Sergei Basharov's user avatar
2 votes
2 answers
183 views

Don't understand fees on a particular bitcoin block

I am comparing and contrasting blocks 200000 and 164246 of the bitcoin blockchain (looking via the bitcoind api or https://www.blockchain.com/explorer?utm_campaign=expnav_explorer is fine). Looking at ...
Andrew's user avatar
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5 votes
1 answer
835 views

Verifying Block 124724

Just for my own educational purposes, I'm writing something that verifies the blocks on the blockchain. I had in my code this line: assert coinbase_amount == block_reward + total_tip And it succeeded ...
bnsh's user avatar
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4 votes
1 answer
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Is there a way to know how good a miner is choosing its transanctions to be mined from a fee maximization point of view?

Well, this is the way I've tried: When a mined block arrives to my node, I compare it against a transaction selection algorithm using my mempool. (I know my mempool it's different than the miner's one,...
dev7ba's user avatar
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1 vote
1 answer
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Are mining pools scalable? Can you split the block reward across a very large number of pool members?

Let's assume the number of individuals that join mining pools grows by a lot. Let's say we have one mining pool with 50,000 members. The pool is successful and receives a block reward. The next step ...
agshe's user avatar
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1 vote
2 answers
160 views

Is MEV possible on bitcoin?

Miner Extractable Value (MEV) is a big topic in the life of Ethereum users, and it creates an additional revenue source for the miners. Is MEV possible on the Bitcoin blockchain as well? And if yes/no,...
curiousTrader's user avatar
1 vote
0 answers
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Can someone explain easily what pool-hopping is and explain proportional system? [duplicate]

I've been reading several articles but still can't understand the concept of pool-hopping. How are the shares distributed in the proportional method that is vulnerable against pool hopping? How are ...
Sina's user avatar
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1 vote
1 answer
56 views

Whatever happened to Bitcoin miners mining additional coins in combination with Bitcoin mining like pre-2015?

Back in the early days of Bitcoin mining, many people were dual mining namecoin with bitcoin and some other coins. Why don't we hear anymore of this dual mining functionality in 2021+? What were some ...
Patoshi パトシ's user avatar
3 votes
0 answers
127 views

How much mining activity is needed for Bitcoin to remain secure?

I'm not looking for a number, but rather for a way to make an estimate taking things like market capitalization and the fact that mining uses ASICs into account. (I assume ASICs are relevant since ...
meribold's user avatar
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Do Bitcoin deposits happen in 3 phases?

I recently had someone convert my sumcoin and said they were going to send to my Bitcoin wallet. I noticed that about $150 (of the $57,000) came through. He said that deposits of that size occur in 3 ...
Blake's user avatar
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Bitcoin mining for the regular person? [duplicate]

Is it feasible for a regular person to mine crypto like Bitcoin with just a couple of machines? Or is the wear and tear to those machines coupled with the electricity costs just too much to make it a ...
Musaab's user avatar
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1 vote
2 answers
558 views

How/When is mining reward given in the presence of forking / orphan chain?

I am aware this is related to this question. However, I am specifically curious about what would happen to the mining rewards, not the transactions, under a forking condition. As shown in the picture....
Erin's user avatar
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0 votes
2 answers
99 views

How are there over 18M bitcoins when the reward halves every 210,000 bitcoins?

A quick google search told me that up to today, more than 18.78 million bitcoins have been mined. Source Another google search told me that today, the mining reward is 6.25 bitcoin per block. If the ...
Erin's user avatar
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4 votes
1 answer
218 views

How do mining pools ensure pool members don't cheat?

If I understand well, when being part of a pool, you are asking to solve problems that are easier than the real one, typically finding a hash starting with n zeros instead of n+1 or something. And you ...
user avatar
0 votes
1 answer
63 views

How many people are needed to make a decision to increase Bitcoin money supply? [duplicate]

Yes, it is currently capped at 21m. But it is just a line of code. Anybody can go and change it to whatever they want and what is needed then is to persuade the miners to accept it. Blockchain ...
matcheek's user avatar
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Some questions about specifics on bitcoin mining

Most people mine bitcoin by launching a software on their PC or buying a special miner, both of which abstract out the nitty-gritty of how the mining process work. I am curious however about some ...
Enthusiast's user avatar

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