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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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 ...
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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?
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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...
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Is CPU mining still worth it in 2022? [duplicate]
I know that's when cryptocurrency CPU mining was the only option.
Now, Bitcoin needs ASIC to be mined and Ethereum is moving to proof of stake.
So does CPU mining worth it or I need at least 2 or 3 ...
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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 ...
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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 ...
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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!
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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 ...
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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 ...
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Running a Node To Support the Network [duplicate]
Is there compensation in sats for individuals who invest in running nodes in support of the Network?
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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,...
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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 ...
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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,...
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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 ...
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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 ...
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Building "coinbase transaction" [duplicate]
I'm messing around with a bitcoin miner and I'm stuck at building the coinbase transaction (to claim the rewards).
Does anyone have any examples how to build it? I know it has to be in the merkletree; ...
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Why can't people change the rewards in their codebase? [duplicate]
I am a Bitcoin noobie, apologize if this is a stupid question.
The reward for mining is hardcoded in the codebase here - https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L1362. My ...
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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 ...
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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 ...
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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 ...
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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....
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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 ...
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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 ...
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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 ...
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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 ...
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Where is there a graph of total miner revenue (BTC) per unit time (e.g. day)?
Basically I'm looking for this graph, but denominated in BTC https://www.blockchain.com/charts/miners-revenue or this graph plus the block reward https://www.blockchain.com/charts/transaction-fees
I'...
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Making the block reward dependent on the difficulty?
I am looking for papers which discuss, if making the block rewards dependent on the difficulty could be used to curb excessive PoW growth.
Idea is that BTC price roughly drives difficulty and energy ...
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Why there are so many miners, if only one will be rewarded?
Why do we need so many miners, if we anyways only can add one block every 10 minutes? I mean if the current block height is x and we now need the block of height x+1 only one miner will be rewarded ...
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How Do I unlock a Bitcoin Blockchain with my Proof Of Work? [duplicate]
Can anyone help with some good explanations on next steps for Bitcoin mining.
Hypothetically let's say I create an algorithm that successfully guesses the code to unlock a Bitcoin blockchain
gives me ...
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Are all "hosted mining" services necessarily scams?
In 2014 or something, I paid a smaller sum of money to some company called "Cloudhashing" or something, which claimed that I was renting part of their Bitcoin mining pool and all I had to do ...
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Is my Bitcoin address valid for mining?
I am looking at the specific block at height 680175.
When comparing the address which received the block reward
# bitcoin-cli validateaddress 1KFHE7w8BhaENAswwryaoccDb6qcT6DbYY
{
"isvalid":...
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Will the miner be provided with reward if a hard fork occurs?
When will the miner be provide with reward(if at all) when a hard fork occurs?
When will the miner be provide with reward(if at all) when a soft fork occurs?
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Why does the mined block differ so much from the block template?
I am looking at the specific block at height 680175.
At the time when the block was not mined yet, I received the block template via bitcoin-cli getblocktemplate '{"rules": ["segwit&...
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How can I mine a block, in C#, on a new Testnet network where no other miners exist?
I want to demonstrate how to use NBitcoin or the most simple C# function to
collect transactions for use in a block
then sign that block
submit it into the Bitcoin-QT network client on the RPC port?
...
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Bitcoin mining reward in 2009
can someone confirm if this is true or false. When a miner started to mine in 2009, they were automatically given five bitcoins? That is 5 BitCoins automatically appeared in their wallet almost like ...
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Does the miner machine get any other type of reward except confirmation of transaction in bitcoin?
Does the miner machine get any other type of reward except confirmation of transaction in bitcoin?(The answer precedes another question)
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How to add new btc block to blockchain [duplicate]
Please let me known that "How I add a new BTC block to blockchain?" as a sole miner.
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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 ...
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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 ...
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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 ...
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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 ...
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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....
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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 ...
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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,...
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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 ...
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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 ...
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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 ...
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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 ...
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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?
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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 ...
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