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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.

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collecting block reward and transaction fees

i was reading document about transaction data and there seems to be two contradicting paragraphs: Every block must include one or more transactions. The first one of these transactions must be a ...
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22 views

Is the number of coins limited by rule or by computational infeasibility?

it is well known that the upper limit of bitcoins is 21 million, which can be calculated mathematically; but from documents i have read, this is because mining a new block is defined to have ...
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what is a miner's main source of income

the name miner might come from the fact that it earns profits from block rewards; but a miner also earns profits from transaction fees, and it can choose which transactions to include into a block or ...
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Blocks are not generating as per given block time and difficulty change time

I've tried to create own AltCoin from litecoin source and I''ve made changes in block generation time. consensus.nPowTargetTimespan = 24 * 60 * 60; consensus.nPowTargetSpacing = 1 * 60; consensus....
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What are some proposed solutions when Bitcoin block rewards drop below 1 BTC? [duplicate]

Many proponents state that Bitcoin will not work in the long term when block rewards drop below 1 BTC or even zero and have mining rely on just transaction fees. I never did the math calculations ...
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Mining block are not accepted if BIP related values changed to 0 or 1

I am creating own alt from LiteCoin source. So I have changed hashGenesisBlock , hashMerkleRoot , nonce , timestamp etc.Things are working fine if i don't make BIP34Height , BIP65Height , BIP66Height &...
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1answer
119 views

Why does Bitcoin block 526,591 have a 6.25 (instead of 12.5) block reward?

https://chain.so/block/BTC/0000000000000000002ba5a1fb96f93e6c215d62db4280f1cbd30e82c7c71fba https://blockchair.com/bitcoin/block/526591 It's an empty block (zero transactions), but the coinbase ...
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1answer
49 views

Where does the mining reward in regtest go?

After using the bitcoind -regtest generate 1 command, where does the mining reward go? I tried list accounts and check balance for account "", but the balance always showed 0.000000.
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2answers
56 views

What is the reason to pay miners “monetary rewards” for mining process?

Is it correct to say that: In Bitcoin, it is crucial to incentivize miners by monetary reward, because mining process has significant monetary cost (energy/electricity cost). ? otherwise, mining ...
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3answers
40 views

What is resource of mining rewards

How the coins must be paid miners for mining process is provided? One of resources may be transactions fee. Is there any other resources for proving reward of miners?
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1answer
29 views

I got a coinbase transaction and I don't know where it comes from

I received a small payment from a coinbase transaction, but I haven't been mining nor I have signed up on a mining pool. Does this happen when someone accidentally sets my address instead of theirs ...
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0answers
23 views

Does PPS reward depend on specific block difficulty?

How is reward per share calculated on PPS payments system? Does it depend on specific block difficulty or average difficulty per day/week/month used? If I have mined two successive blocks with ...
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1answer
62 views

How Mining Reward Goes to Our Wallet?

Let us consider, if someone found a bitcoin block using his pc, then how he can get reward BTC to his bitcoin wallet? I really don't know how a miner get reward of 12.5BTC to their bitcoin address. ...
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1answer
300 views

What is the difference between PPS+ and PPS?

Some pools do offer such a payment method as PPS+. This method is claimed as better than the PPS method, it should insure against losses on orphans and blocks with bad luck. But this explanation is ...
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1answer
111 views

How does a miner create a transaction input to spend tx fees?

I'm wondering where does a miner get an input for a transaction that spends the tx fees received from mining a block? It's not out of the coinbase transaction.
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0answers
19 views

Last mined Bitcoin - life of a miner after D-Day [duplicate]

So we all (more less) know how blockchain work. We all know it's up to miners to continue mining and solving equations in order to discover new blocks... We know that miners confirm transactions, we ...
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1answer
13 views

Please explain CFeeRate::GetFee(size_t nBytes)

Referring to the function CAmount CFeeRate::GetFee(size_t nBytes_) in feerate.cpp: If I pass in say 2000 as the nBytes argument, what will this function return as the fee nFee? I don't understand ...
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2answers
58 views

What happens if full nodes don't check for double spends or deliberately lets a double spend TX pass and then this full node relays the transaction?

I am studying about Bitcoin and Blockchain tech via the Princeton crypto course, and it mentions that Full nodes do the following checks : i)transaction is valid with the current blockchain, ii)...
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2answers
43 views

What is the smallest fee you can pay for an on chain transaction?

From what I understand, the smallest fee you can pay to miners per transaction is 1 Sat/byte. With a basic Bitcoin transaction being roughly 250 bytes that would obviously mean the fee is 250 sats. ...
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1answer
30 views

How are difficulty level and block reward determined and stored in decentralized fashion in Bitcoin? [duplicate]

I know the difficulty level and block reward are periodically adjusted in Bitcoin to keep the block time approximately to 10 minutes. I guess these are not determined by a central authority but ...
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3answers
276 views

Why do transaction fees exist in the Bitcoin blockchain if miners get rewarded with newly created bitcoins?

My question is why transaction fees exist, even though the miners would still get rewarded with the newly created bitcoins when/if they mine a block. Miners will rather verify transactions with a ...
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1answer
42 views

Mining Altcoin with hash rate bigger than average network hash rate

I am sorry if the question is off-topic but cannot find an answer to a simple question anywhere including btctalk. So let's say a network hashrate of some coin using the X16R algorithm is 40 MH/s. ...
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1answer
60 views

Altcoin: Who keep the coin for mining first blocks?

I have forked Litecoin version 0.8.7.4 and created an altcoin. I run it in two node and started mining first blocks. I mined 30 blocks, but now I'm curious about what is holding my coin which reward ...
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1answer
127 views

How to disable mining functionality in wallet debug console?

I am creating a new altcoin and i cant seem to figure out how to disable mining functionality with wallets using the debug console window. I am trying to mine all the coins myself, is there way to ...
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1answer
119 views

What will happen when all 21M bitcoins are mined? [duplicate]

What will happen when all 21M BTC are mined ? How will miner get new coin as reward? In absence of it, the only option available will be to increase transaction fees? If I have to pay anyway fee, I ...
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1answer
50 views

Why don't private blockchain networks that do not charge for transactions charge a fee when processing ethereum/ proprietary token on the network?

I ask this questions because there seems to be 2 flavors of blockchain: 1. Public think bitcoin and ethereum. 2. Private hyperledger, SAP Leonaro, etc. The public network charges for transactions to ...
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1answer
47 views

Is scaling Bitcoin heading it to a dead end?

The immutability of any given blockchain is reinforced by the total hashing power behind it. Proof of work (ergo a financial commitment) is a necessity to ensure the party verifying transactions is ...
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2answers
565 views

Mining income calculation - H/s, MH/s or GH/s for hashing power?

I've seen online calculators use hashing power in H/s, MH/s and GH/s for various algorithms. How does one decide hashing power denomination must be used for mining income calculation? I feel like it ...
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1answer
40 views

Is there a reward per hash?

So after reading some information about mining I wanted to know if the only reward for a miner is the block reward or if there a reward per hash, if yes how to find the amount a miner generate per ...
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0answers
43 views

Command to move specific coins with RPC

I'm searching the way to move specific coins from an address to another address/wallet. The current wallet hosts the collateral of a masternode and I would like to move the rewards only without the ...
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1answer
123 views

Steem - Who maintains the blockchain?

I did some reading on the Steem currency, and as i understand it there is no mining of Steem. New coins are created automatically and distributed to the social media contributors.. What i don't ...
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0answers
24 views

Is it possible to set multiple payout addresses for the same worker based on percentage

I am sure this is a very amature question but forgive my ignorance. A couple of friends and I have pooled in some cash to share a dozen Asics and two GPU rigs. I mostly mine on slushpool and collect ...
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1answer
52 views

Fees higher than block reward

I know this would not be possible but in-case someone just decided to try it out or accidentally put a high transaction fees (more than 12 bitcoin), so what will it happen? Will the block reward ...
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1answer
87 views

Why do pools give rewards to miners who solve problems at a lower difficulty than the network?

I'm trying to understand why a pool would want to give rewards to miners who mine at low difficulty. Please tell me where this logic falls apart. If the network difficulty is a nonce ending in 100 ...
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0answers
195 views

Cryptonote Premine and Money Supply

I have two question here. And both are related. I've been struggling about a week to solve this issue. 1) How do I set coin limit? I already set this in the MONEY_SUPPLY field. I want it to have ...
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1answer
27 views

how Bitcoin Benefits from giving u s currency(other then money from ads) [closed]

Now, I have a pretty simple question to ask , How does Bitcoin benefit from giving us money for solving math problems? Another question is that why does it want us to do it? & is there a bigger ...
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1answer
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Is this a valid scenario in blockchain?

Is this a valid case in blockchain? if yes whether the reward for t1 is shared and if not, which block will be invalidated or why not everyone will prefer to solve the block with a single transaction
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1answer
94 views

What means discovering a block? [duplicate]

I'm reading about the miners and it always says that the miners are rewarded when a block is discovered. What is that? What they discover are new bitcoin pieces, isn't it? When they find a new ...
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1answer
151 views

A different way to create coinbase transaction

AFAIK when a miner succeeds in creating a block, he puts a special transaction (coinbase) in it which spends no input and sends a fixed amount of BTC to an address he can arbitrarily specify. Instead ...
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2answers
58 views

Mining Fee for the blocks that are orphaned

Suppose a miner mined a block and the block got added in the main chain of the block chain. He must have got his mining fee then. Now suppose that due to a fork sometimes later, the block that he ...
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0answers
85 views

The $20,000 Startup Mining Question [closed]

I am looking to put $CAD 20,000 into a startup mining project at home to learn about the business, assess longer-term viability and of course to have fun. I was wondering what you would recommend to ...
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1answer
40 views

What are the parts of and how is a raw coin generation transaction made?

Referencing: https://blockchain.info/tx/9b0fc92260312ce44e74ef369f5c66bbb85848f2eddd5a7a1cde251e54ccfdd5 With raw data: ...
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2answers
304 views

How do honest mining pools generally divide their rewards?

I've been reading a little about mining pools and the Stratum protocol for requesting work from mining pools and it got me to wondering. How does an honest mining pool divide up rewards? I see that ...
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1answer
41 views

Is it always necessary to be in the pool with the most miners joining to have the most profitable mining pool?

I realise that opinion on a specific pool is subjective and prone to change. My question: If I am in pool A and additional miners join then my share in the pool is reduced proportionately. ...
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0answers
28 views

Bitcoin Mining with the Bitcoin Bitcore Wallet

How do I mine Bitcoins with my Bitcoin Bitcore console ? I know how to create a multisig : Createmultisig 2 ["1pubkey","2pubkey","3pubkey"]' = multisigaddress What do I do next ? I have an Antminer S1 ...
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1answer
66 views

How do I construct a Bitcoin transaction with the Bitcoin Core Console?

How do I create a transaction using the debug console of Bitcoin Core v0.15.1 (64-bit)? I have been able to use the commands to create addresses. I figured out how to create, sign, and send a raw ...
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1answer
49 views

P2Pool Missing BTC Reward in Block History

I have been studying the block history for P2Pool here: http://p2pool.org/stats/?blockoffset=40 over the last several days. I noticed that bitcoin reward for each recent block is blank until 459871 ...
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1answer
31 views

Bits target, Increase/Decrease in ease of mine

I am currently studying Block Chain technology and at this moment studying the contents of blocks. To my understanding; A block has to be mined every 10 Minutes. If the Bit Target sees that Blocks ...
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1answer
389 views

Is it worth it to mine while using my laptop for misc. purposes?

I have never mined any cryptocurrency and know nothing about the market or how the earnings from mining fluctuate, but I do have my computer turned on a lot of hours a day while studying, watching ...
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3answers
2k views

How does the lightning network affect miners?

Not a miner here, just wondering what other changes might be coming to the space. With Lightning fees are really low, how do miners manage this? Does this have a simple answer or is any resource I ...