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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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1answer
33 views

Known cases of miners withholding blocks when used as randomness?

There are some applications that use the blockhash as a source of randomness, often with a payout similar to a lottery. I've heard of attacks where it would be more profitable for a miner to withhold ...
0
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1answer
17 views

Why mark a transaction as RBF (Replace-by-Fee) explicitly?

I could broadcast a second transaction that has the same inputs but a higher fee, without marking the original transaction as replaceable. Miners would most likely favor the second transaction and ...
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2answers
57 views

Can the fees in a coinbase be used to launder Bitcoins?

Generally Bitcoins coming from a coinbase are considered clean as they are newly generated. However while answering this question I realized that mining pools could offer to launder Bitcoins in the ...
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1answer
38 views

what is the latest required hash rate to mine a block? [duplicate]

What is the latest required hash rate to mine a block of bitcoin ? How much power do you need to mine a block in a day ? Thank you
2
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0answers
18 views

minimum hash rate of a pool to earn a reward

how much minimum hash rate of a new bitcoin pool should be to be able to compete with other pools to earn a reward? how can I calculate that value? any help appreciation
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1answer
20 views

Can you add more Dash to a masternode that already has 1000 Dash allocated for a masternode?

If I had 2000 dash and made a master node with it. Do I get double the rewards vs a masternode with 1000 dash? Or do I have to separate the 2000 dash into 2 separate 1000 dash masternodes, hence ...
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1answer
41 views

Mining Pool Hub // Shares? (New Miner)

So I have 13 Total Shares (Non Rejected) and my pool is Mining Pool Hub. It does not show that I have gained any Ethereum when I go to Dashboard (Under Ethereum) on Mining Pool Hub. Do accepted shares ...
0
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1answer
44 views

Is there a way to create 9995000 spendable BTC on regtest?

I'm doing to a large stress test on 1000 node network where each node sends transactions to one another at a specific rate, and I need a way to create the funds for running it, enough so that each ...
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1answer
51 views

Is it technically possible to change the total amount of Bitcoin?

Also, is it possible to change the reward cycle duration or the number of mining- reward coins?
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3answers
353 views

Would it be possible to create a soft-fork for reducing miner reward?

Context: There is a bet going on r/bitcoin about the possibility of doing a user activated soft fork for reducing current miner reward to 0.25 BTC. One of the users says the bet had two points: the ...
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1answer
48 views

How is the Bitcoin node network different from the IOTA network? [closed]

I asked this question on IOTA's forum here: Real incentives for running a full node? One of the founders from IOTA Come-From-Beyond (Sergey Ivancheglo) responded with this comment: "However, ...
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1answer
36 views

Does submitblock require the wallets private key?

I would like to know if invoking the submitblock RPC is supposed to work if the daemon that handles the RPC does not have the private-keys for to the coinbase output address?
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1answer
92 views

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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1answer
27 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 ...
1
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1answer
28 views

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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0answers
25 views

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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0answers
20 views

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
164 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 ...
0
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1answer
126 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
63 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
48 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?
0
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1answer
38 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
37 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 ...
0
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1answer
119 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
737 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
130 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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1answer
16 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
91 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
58 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. ...
0
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1answer
33 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 ...
2
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3answers
416 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 ...
0
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1answer
53 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
67 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
186 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 ...
0
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1answer
181 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
59 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
50 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
840 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
42 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
49 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
140 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 ...
0
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1answer
63 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 ...
0
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1answer
103 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 ...
0
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1answer
29 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 ...
3
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1answer
43 views

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
0
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1answer
140 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 ...
0
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1answer
172 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
63 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
89 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
43 views

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

Referencing: https://blockchain.info/tx/9b0fc92260312ce44e74ef369f5c66bbb85848f2eddd5a7a1cde251e54ccfdd5 With raw data: ...