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
70 views

Does getting shares when mining mean that I have earned a reward?

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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1answer
57 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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1answer
47 views

What will happen when the last bitcoin will be find [duplicate]

I have read there is a mathematical limitation of bitcoin count. What will happen when a miner will find the last bitcoin ? I have read nobody will do mining anymore. But, we will need miners in order ...
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1answer
195 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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3answers
5k views

What Value does mining provide?

After reading the O'Reilly book and perusing online resources, I'm still confused about the value that the actual mathematical mining provides to Network (I understand it does provide value, but not ...
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1answer
155 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
19 views

JavaScript Mining System Design

How do I verify a unconfirmed transaction using JavaScript ?
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1answer
28 views

reorg a bitcoin transaction

does anyone here have btc reorg full concept documentation that can be seen online? also i wonder if a specific block can be reorged? or all the blocks thats after the transaction must be reorged? ...
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1answer
6k views

BFGMiner + CGMiner solo mining, how to specify payout address

I am currently trying my luck at solo mining a few types of crypto-currencies. My question is why does BFGMiner require a --coinbase-addr- argument for solo mining to know where to payout rewards to ...
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1answer
22 views

what file/method is block reward processed?

I have managed to build an altcoin (from litecoin source) but my coin requires that I make changes to the way rewards are made. I have been looking at the source code to try to find where block reward ...
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1answer
49 views

Can a miner give themselves less than the maximum block subsidy if they wish to do so?

The current maximum block subsidy is 12.5 bitcoin. A mined block recently got rejected from full nodes after a miner tried to post the block subsidy as 13.26 bitcoin. But what about in the other ...
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1answer
89 views

Chicken and Egg confusion over Bitcoin generation

If Bitcoin is rewarded through mining, and mining is the process of packing some transactions in a block(and adding that block successfully to the blockchain), and on the other hand, a transaction ...
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1answer
49 views

How does one mine a fraction of a bitcoin?

I'm new to the whole bitcoin stuff. The stuff I've read about mining so far told me that when a node in blockchain finally finds the correct nonce for a block that can be accepted in blockchain, it ...
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3answers
14k views

Do I need a wallet to start mining?

Oh, sorry. The question is really simple: Do I need a wallet to start mining and "keep" this bitcoins? or Can I just stay with my bitcoins in my computer?
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4answers
5k views

The End of Mining

According to Wikipedia, here's a projection of expected future Bitcoin supply: Is there any effect to the dynamics of the system beyond the valuation of Bitcoins? For example, is mining required to ...
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1answer
72 views

Am I Being Prodded By A Bitcoin Mining Scammer?

I had someone approach me via an insta post, because i found his account and liked a photo. He said he was a bitcoin miner and forex trader in LA california, and asked if i was interested in earning ...
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1answer
67 views

Miner transaction selection - how are sigops considered?

There is a limit on how much a block can sigop (set to 80000?). There is also a limit on how much a single transaction can sigop (set to 16000?). It thus seems possible (and if it's not possible, the ...
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1answer
80 views

Mining Pools Transactions Fee

I am learning about mining pools and trying to understand their reward structure and transactions fees. Looking at the two largest pools, Antpool & BTC.com, as far as I understand AntPool uses ...
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1answer
33 views

What is stopping pool managers to fake a miner?

What if a pool manager introduces a miner that is not there and then uses the reward distribution?
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2answers
38 views

How do bitcoin miners determine the next valid state of a ledger?

I know bitcoin miners compete for a reward by seeing who can solve a difficult hashing problem first (proof-of-work). However, how does this random hash problem help validate the transactions in the ...
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8answers
49k 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 ...
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3answers
5k views

How exactly do new bitcoins come into existence?

I understand that currently new bitcoins are awarded during the validation/mining process. However, how exactly does the system determine that bitcoins that were previously nonexistent should be ...
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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 ...
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2answers
485 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 ...
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0answers
34 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 ?
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1answer
37 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 ...
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1answer
40 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
46 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
127 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
96 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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0answers
42 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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3answers
317 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?
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1answer
12k 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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2answers
222 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 ...
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1answer
34 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
92 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
54 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
390 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
65 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
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
53 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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8answers
107k 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.
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1answer
203 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
30 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
35 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
27 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
29 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
220 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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3answers
52 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
211 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.