Bitcoin

Questions tagged [mining-reward]

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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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1answer
37 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 ...
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0answers
17 views

Bitcoin wallet that safe [duplicate]

How do you safely set up a offline deterministic wallet?
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1answer
79 views

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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1answer
53 views

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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2answers
90 views

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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3answers
121 views

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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1answer
91 views

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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1answer
104 views

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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0answers
33 views

Fee-gathering advantages for geo-optimised miners

As the fee-in-reward percentage grows relative to subidy, will profitability increasingly be proportional to the number of listening nodes a miner has access to? While Bitcoin Core randomises ...
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0answers
19 views

Question about bitcoin future [duplicate]

I've a question in mind: As we all know, bitcoin database hosting is a highly resource consuming operation cause of the way block chain works. For now bitcoin is being hosted and served through mining ...
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1answer
64 views

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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1answer
39 views

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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2answers
615 views

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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0answers
38 views

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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2answers
153 views

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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0answers
20 views

About mining difficulty [duplicate]

I hope you’re all doing well during this COVID-19 period. I was wondering how you can calculate the difficulty rate of a coin (Mining purposes)?
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0answers
44 views

the two miner type of reward [duplicate]

The definition of a block in the blockchain is "A block records some or all of the most recent Bitcoin transactions that have not yet entered any prior blocks. Thus, a block is like a page of a ...
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1answer
49 views

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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1answer
58 views

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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4answers
443 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 ...
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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
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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 ...
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3answers
96 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 ...
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3answers
222 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 ...
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2answers
125 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....
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2answers
94 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 ...
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3answers
363 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,...
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1answer
108 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 ...
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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 ...
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0answers
22 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 ...
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1answer
339 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 ...
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3answers
47 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 ...
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1answer
435 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?
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2answers
236 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 ...
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0answers
127 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 ...
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0answers
90 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 ...
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2answers
126 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
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2answers
95 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
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1answer
54 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
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3answers
145 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
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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
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1answer
445 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 ...
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2answers
612 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
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1answer
54 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 ...
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1answer
84 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 ...
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1answer
52 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?
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2answers
338 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 ...
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1answer
67 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
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1answer
79 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
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1answer
52 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.

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