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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Who generates the coinbase transaction?

As the wiki article says, Given just those fields, people would frequently generate the exact same sequence of hashes as each other and the fastest CPU would almost always win. However, it is (...
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3answers
458 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 ...
4
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1answer
361 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 ...
4
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3answers
3k views

What will happen when all bitcoins are issued? [duplicate]

In 50 years or more from now, what will happen with bitcoins when all of them are issued? Will mining stop and will there only be a limited amount of bitcoins in circulation?
4
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2answers
340 views

How does the network apply credit for created blocks?

First post. I must say in advance thanks to everyone for all the great conversation and help and software so far. It's really helped me get familiar with bitcoins and bitcoin mining. I have a ...
3
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3answers
345 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 ...
2
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1answer
1k views

What sort of calculations do the miners have your computer do? [duplicate]

I recently heard of a new cryptocurrency (or maybe it's not new and I'm just out of the loop) called Gridcoin which uses your GPU/CPU/ASIC to do research calculations rather than "meaningless" ...
2
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1answer
228 views

Is there a way of rewarding users who confirm others' transactions?

Users who confirm or validate others' transactions are performing a public service on the Bitcoin network. Is there any way to reward such users, perhaps by giving them priority for confirmation of ...
2
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1answer
2k 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?
2
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1answer
114 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 ...
2
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1answer
237 views

Why not multiply “six confirmations” and divide Time-Between-Blocks and Reward by the same factor?

It seems that choosing a good factor to use to expand Bitcoin's capacity is a good idea. The software would divide some of its calculated values by this factor, such as the target time between blocks ...
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2answers
790 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. ...
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1answer
106 views

Who do i see the commissions taken by miners? [duplicate]

I'm a bit confused by the commissions. My understanding is there should be none in Bitcoin. But a friend of mine told me miners get a cut. What does this mean? I want to learn how much commission I ...
1
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1answer
361 views

if a coinbase reward isn't fully spent, can the coins ever be recovered? [duplicate]

If a pool mines a block and is mistakenly rewarding miners with less coins than they should be given, is it possible for others to recover those coins somehow? Or are they lost forever? For example, ...
0
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1answer
1k views

Bitcoin calculator based on my machine

I tried to find an online tool that would allow me to calculate how many BTC (or portions of it) I might be able to mine with my computer, but I couldn't find an answer that is exhaustive. Is there ...
0
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1answer
203 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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