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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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0answers
11 views

How do I get a pool to pay me the accepted shares?

How do I get the pool to pay me the accepted shares ?
41
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5answers
26k views

What will happen to mining after the 20 999 999th Bitcoin?

After the 21 millionth bitcoin or 20,999,999th bitcoin is mined, what will happen to bitcoin mining? - will it just stop, or will we make a further division of the satoshi thanks to Bitcoin's infinite ...
3
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2answers
457 views

Is there a minimum number of transactions in a block?

What encourages Bitcoin miners to include lots of transactions in blocks in the Bitcoin blockchain? It seems like you could quickly add a block with just a single transaction and get the block reward ...
0
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0answers
8 views

How to quit CGMiner 4.10.0

How do I quit CGMiner 4.10.0 the correct way so That I can see the payment screen ?
0
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1answer
32 views

Reward in case of fork

Hi I would like to ask you guys for some details about getting reward from minning block when there is a fork - two miners get different blocks at the same time. Both of these block will have the ...
1
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1answer
37 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 ...
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1answer
39 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
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1answer
26 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 ...
1
vote
2answers
60 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 ...
2
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0answers
21 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
7
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3answers
314 views

What is the reason for halving the rewards?

What is the reasons for halving the rewards? Why not, for example, let the reward be always the same and the amount of currency always growing? Are the reasons technical or just purely ideological?
3
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1answer
11k views

How much time in average does it take for an simple PC to create block?

Let's say I have simple computer (CPU- Intel i7 for example), and I start mining blocks in the bitcoin network. How much time in average does it take to create 1 block? (1 per week? 1 per month? 1 per ...
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1answer
43 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 ...
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2answers
213 views

How miners with less power win?

As I understand, when multiple persons mine blocks, only the first one who solves block is the winner and gets rewarded. Basically the winner is the one (solo miner or group in pool) who has the ...
0
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1answer
173 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 ...
0
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1answer
22 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 ...
0
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1answer
147 views

Testing altcoin reward halving - Help!

I am currently working on reward halving changes for a test coin and i have added all the necessary changes but my question is how do i safely test this new halving without affecting production. I ...
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1answer
49 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 ...
1
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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?
4
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3answers
360 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
62 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 ...
1
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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, ...
0
votes
1answer
39 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?
173
votes
8answers
106k views

What exactly is Mining?

I have heard that mining is for people with ready hardware and blah blah blah... But what exactly is it? Does it operate like real mining? I mean, people talk about it like you are physically mining.
1
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1answer
107 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 ...
0
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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
vote
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 ...
2
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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
23 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 &...
3
votes
1answer
170 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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3answers
49 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
137 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.
0
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2answers
64 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 ...
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 ...
117
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10answers
48k views

How do you obtain bitcoins?

This is a question many people ask when they're introduced to Bitcoin. Bitcoin sounds interesting, but if I want to use this system I will need to get some coins, otherwise, there's no way I can ...
0
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1answer
79 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 ...
1
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0answers
40 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
127 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. ...
15
votes
3answers
5k views

Could there be hyperinflation in Bitcoin?

Currently the creation of new coins is fixed at a certain rate which halves every few years and will at some point in the future drop to zero. As I understand it, this is by consensus, i.e. all the ...
0
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1answer
822 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 ...
5
votes
1answer
133 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
18 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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vote
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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vote
2answers
61 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. ...
2
votes
1answer
1k views

Transactions are verified by miners. What happens when the last BTC has been mined?

Let's say we're X years in the future and we the last bitcoin has been minted. Since you can no longer incentivize mining new nodes of the blockchain, how will transactions continue to be verified?
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1answer
69 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 ...
0
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1answer
34 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
votes
3answers
428 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
54 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. ...
3
votes
3answers
576 views

Why should a miner choose the longest blockchain if another chain has a higher expected reward?

Why did miners/pools choose the longest chain for continuing it? Because with this strategy they have the highest expected bitcoin reward. The expected bitcoin reward is (new generated bitcoin (b) + ...