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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17 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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What is the status of Bitcoin or other cryptocurrency mining in India? [closed]

Fellow Indian and also foreign brothers and sister, I am looking for some legit answers regarding crypto mining in India. I have read that the Indian government has banned or restricted the imports of ...
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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
45 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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2answers
5k views

Bitcoin without mining - what needs to be implemented

I have read this related question - Bitcoin without mining and I am trying to understand the very basics of Bitcoin network and the blockchain. I wonder, if we take the mining out of Bitcoin, what ...
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1answer
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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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516 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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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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43 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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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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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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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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Who issues bitcoins and how?

I can't find information on who actually issues the bitcoins. I understand that miners generate new bitcoins but what party is responsible for issuance?
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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
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3answers
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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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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 ...
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How did Satoshi manage to mine so many bitcoins being the first user of the system?

I'm just learning about Bitcoin and if I understand its conception properly, mining bitcoins means validation of transactions by computing a hash which should satisfy some preset condition. In other ...
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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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3answers
68 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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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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292 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
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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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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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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
1k views

Do Miners get a reward for re-confirming blocks?

As far as I know, to ensure double-spending didn't happened and also for other security reasons, there is minimum number of confirmations that a transaction should have to be accepted. That value is ...
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1answer
239 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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1answer
158 views

Does a low profit margin on mining reduce the integrity of the blocks stored in the transaction history?

As the mining Bitcoin payout decreases from 50 to zero, what incentive is there for miners to continue operating? Is there a need for miners to continue to operate when the payout decreases to zero? ...
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3answers
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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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4answers
1k views

Does the block reward comes from a bitcoin treasury? If yes, then how is it issued?

The miner adds the relevant block reward to himself (i.e. 12.5 bitcoin as of now) in something called the coinbase transaction. Where do these 12.5 bitcoins come from? Does it comes from bitcoin ...
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1answer
132 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
415 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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133 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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2answers
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What if same transaction is added in more than one block of different miners?

I know that miners have freedom to choose transactions from memory pool, Let say there are 5 transactions Tx1 Tx2 Tx3 Tx4 and Tx5 in memory pool, There are 3 miners M1 M2 and M3 M1 has created ...
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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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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
470 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 ...
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2answers
99 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 ...
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1answer
430 views

What was the design decision behind that the coinbase field can have arbitrary data?

From what I learned, the coinbase field in the block reward transaction can carry any data (As long as smaller than 100b). Why that actually? Was it easier to implement in the beginning? I would just ...
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1answer
378 views

Why bother having limitations on Bitcoin Coinbase Transaction Scriptsigs?

There are a few limitations on the structure of the coinbase (reward) transaction in a block. There is only one input. vin.size() == 1 (source) It doesn't reference any previous output. vin[0]....
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1answer
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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?
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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 ...
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3answers
128 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 ...
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3answers
270 views

Popularity based mining (variable block reward)

I am thinking of an alternative mining scheme where block reward would grow (or decrease) with popularity of the coin. The rationale behind this idea is to make an exchange rate more stable since ...
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3answers
596 views

How to calculate coin supply at each block height from all transactions?

We are working on a small project and imported all block information to mongoDB. Right now we're aiming to calculate the coin supply regarding to the block number. My plan is to loop through all ...
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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 ...
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1answer
356 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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