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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4
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1answer
711 views

Where is the source code that allows new coins to be generated?

As per Bitcoin documentation, new coins are generated and brought into circulation when miner receive the reward. I am not talking about existing coins that are collected at the time of mining. Can ...
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2answers
55 views

How are there over 18M bitcoins when the reward halves every 210,000 bitcoins?

A quick google search told me that up to today, more than 18.78 million bitcoins have been mined. Source Another google search told me that today, the mining reward is 6.25 bitcoin per block. If the ...
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1answer
110 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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1answer
59 views

How do mining pools ensure pool members don't cheat?

If I understand well, when being part of a pool, you are asking to solve problems that are easier than the real one, typically finding a hash starting with n zeros instead of n+1 or something. And you ...
0
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1answer
42 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 ...
3
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1answer
157 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 ...
160
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5answers
273k views

What are bitcoin miners really solving?

As with mining, what are the bitcoin miners really solving? I read they are solving hashes, but what does that really mean. Can we see what they are solving? Can someone give an example of what a ...
0
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1answer
86 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 ...
2
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2answers
92 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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1answer
161 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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1answer
57 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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4answers
453 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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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
93 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 ...
0
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1answer
112 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 ...
0
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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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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 ...
0
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1answer
67 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":...
11
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2answers
6k 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 ...
0
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1answer
40 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?
4
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2answers
635 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
43 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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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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2answers
195 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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1answer
59 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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6answers
10k views

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?
126
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7answers
50k 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
325 views
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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 ...
6
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2answers
3k views

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 ...
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
228 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
127 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
96 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
372 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
114 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 ...
3
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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 ...
0
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1answer
351 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 ...
3
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1answer
160 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
48 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 ...
2
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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 ...
2
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1answer
439 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
254 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 ...
2
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2answers
799 views

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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0answers
258 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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