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Questions tagged [reward-schedule]

refers to the schedule by which the mining reward for a blockchain based currency is dispensed.

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80 views

What is the reasoning for Grin's high inflation rate?

According to an interview with Yeastplume on What Bitcoin Did, Grin is going to have a flat reward schedule of 60 grin per block at one minute blocks, i.e. about one grin per second. This translates ...
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1answer
76 views

What is a “half” in Bitcoin?

I saw in an article something about a Bitcoin algorithm half in 2020. What exactly is this? I have tried looking this up but I couldn't find anything that told me what it was only a website counting ...
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0answers
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Change in mining reward source in bitcoin litecoin

Before my question marked as duplicate or downvoted please check the details . I've check the questions How does the Bitcoin network checks if the miner has changed the mining reward? Do miners ...
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1answer
24 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 ...
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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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1answer
1k views

How does the most recently found critical vulnerability (CVE-2018-17144) work?

If you were a miner, what are the steps you would take to create the extra (21,000,012.5th) bitcoin? Where in the source code is this exactly (link)? Why can't this be done by a non-miner? Also, ...
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1answer
138 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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0answers
21 views

Last mined Bitcoin - life of a miner after D-Day [duplicate]

So we all (more less) know how blockchain work. We all know it's up to miners to continue mining and solving equations in order to discover new blocks... We know that miners confirm transactions, we ...
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3answers
320 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 ...
0
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1answer
138 views

What will happen when all 21M bitcoins are mined? [duplicate]

What will happen when all 21M BTC are mined ? How will miner get new coin as reward? In absence of it, the only option available will be to increase transaction fees? If I have to pay anyway fee, I ...
0
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1answer
264 views

When the last Bitcoin block is mined, how would transactions continue? [duplicate]

If transactions are stored in Bitcoin blocks through Merkle trees, when the last Bitcoin block is mined, how would there be future Bitcoin transactions? Where would those transactions be stored on?
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What are the advantages of a 210,000-block subsidy halving interval that's out-of-sync with retargeting?

The block subsidy halves every 210,000 blocks. Where could this number reasonably have come from? I'm not talking about the idea of a four year interval. 210,000 is quite close to four years given 10-...
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0answers
31 views

Copy coin's blocks “freeze” and then many posted all at once

I've been looking at this repo for LiteCoinUltra https://github.com/TheCryptoServices/LiteCoinUltra . Looks to be a novacoin clone but I am a newb. This chain is actually live and has a weird issue ...
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0answers
25 views

Blocks and coinbase (the reward) [duplicate]

In the future, when we reach the ~21M bitcoins there will be no coinbase anymore. That means that the only incentive to mine bitcoin blocks will be the fees that could be earned through transactions ...
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5answers
503 views

Mining = Printing money

Recently I got in a discussion with my brother over what bitcoin is and what mining is. He had never heard of it so I had to do my best to explain it all from the beginning. I had trouble explaining ...
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3answers
458 views

There's talk of increasing the blocksize - if this can be achieved - does this mean that the 21m btc limit can also be changed?

My understanding of the blocksize debate is that it would require 51% consensus to change the algorithm and accept the new blocksize. If the algorithm can be changed like this - would the exact same ...
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1answer
54 views

Is it true that two thirds of available bitcoins have already been mined?

The following commentator writes: More than two-thirds of all available bitcoin have already been mined, with the majority going to early miners. My question is: Is it true that two thirds of ...
3
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1answer
160 views

Why not issue all the Bitcoins at once

What is the point of mining the Bitcoin and thus issuing new Bitcoins over the span of some time versus simply issuing all 21 million coins at once?
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1answer
4k views

When will Litecoin be fully mined compared to Bitcoin? And at what years will each halving occur?

Bitcoin will be fully mined in about 100 years. When will Litecoin be fully mined for its 84 million? And in what year will each halving occur for Litecoin?
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1answer
135 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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2answers
173 views

If bitcoin have a 21 milion limit…what happens with the lost bitcoins? [duplicate]

After reach the 21 million limit, and every year there is some coins that are lost... won't this make the value of the bitcoin go up?
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2answers
1k views

Why do bitcoins have a total limit?

There are a total of ~16 million bitcoins in existence, and 21 million total will be available. Therefore, there are ~5 million bitcoins still to be mined from now until around 2140. How much ...
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1answer
569 views

When will there be no 'mineable' bitcoins left?

At today's rate of progression when will the market cap of 21 million be reached? If bitcoin increases at such a rate. In addition to this, is it true that when the market cap is reached, miners will ...
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0answers
73 views

How is bitcoin deflationary if new coins are being generated everyday from thin air?

Example: The US mint prints $541 million dollars every year. This robs us by making our dollars worth on average about 2 cents less each year. Bitcoins are generated in blocks. Today, a block ...
2
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0answers
325 views

How much can you earn by running a Dash master node with 1000 dash as of 2017-May?

Is there any information on how much a person would make from running a Dash masternode that locks up 1000 dash as of May 2017?
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1answer
255 views

how to make the first block of 200 btc?

I would want that when mining a specific block was given an award that I pointed out Want to make the first block 200BTC and all the other 50BTC how to implement it It is possible still such variant ...
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2answers
265 views

What would happen if one person mined all unmined bitcoins?

Let's say that, hypothetically speaking, someone had the mining power to mine all unmined bitcoin(I believe around 6 million bitcoin, correct me if I'm incorrect). Would they confiscate it off of them?...
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2answers
989 views

Who added the 21 million limit to Bitcoin?

After reading the white paper of Satoshi Nakamoto. The white paper does not mention anything about a limit of money supply. I think I have read somewhere mentioned the name, but unfortunately I cannot ...
3
votes
1answer
100 views

Bitcoin halving conflict? Is this a rumor [duplicate]

Is there a conflict as to when the halving will occur and Bitcoin miner rewards become 12.5? Is is set in stone to happen this July or is it after a certain amount of blocks?
3
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1answer
12k views

When no Bitcoins are left to be mined, how will the Blockchain continue to be validated? [duplicate]

Sorry, this may be noobily phrased. My understanding was that each individual "miner" crosschecks and validates the overall blockchain, ensuring decentralized verification of the bitcoin transactions. ...
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1answer
122 views

What is MaxBTC and what it represents?

I am trying to understand what is the phrase "MaxBTC" and for what is it used? I am new to bitcoins. Thank you very much.
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5answers
2k views

What date does the 2016 halving happen at?

When does the 2016 halving happen? Is it a predicted date or could it be when network load is achieved?
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1answer
74 views

Are there any post BTC halving hashrate prediction markets?

Are there any futures markets that allow predictions of post BTC halving network hashrate?
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1answer
122 views

See How Many Bitcoins Existed

Is there any way I can find out how many Bitcoins existed at a certain point in time? Are there charts where I could, for example, see how many Bitcoins were in existence in 2011, so I could compare ...
2
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1answer
4k views

Why the total number of bitcoin is limited? [duplicate]

Why the total number of bitcoin is limited? Is there a protocol in the block or somewhere so that the participants can't violate the rule? The first one who find the block can receive the bitcoin for ...
2
votes
1answer
287 views

What are the possible Doomsday scenarios for the 2016 Halving from 25 to 12.5 BTC per block solved?

The 2016 halving is coming from 25 to 12.5 BTC solved for every block. For us to understand the effects. What are some possible doomsday scenarios that can happen?
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1answer
264 views

if nobody is mining then there will not be bitcoins generating anymore and verifying bitcoins ? [duplicate]

what will happen if there will be nobody in the world to mine. then there will be no future to bitcoin?? and also if nobody is mining then there will not be bitcoins generating anymore and verifying ...
2
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2answers
6k views

Halving reward, price effects? [duplicate]

What is the case after halving reward takes place: Would bitcoin price gets double, since its harder to mine? Would Blockchain introduces more blocks (e.g: 1/5mins)?
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0answers
45 views

The 21,000,000 BTC Limit Issue [duplicate]

I love the concept of Bitcoin, however I have noticed a few weaknesses to the system that not may folks talk about. One of the issues is the 21,000,000 limit. After "X" amount of time, a certain ...
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2answers
746 views

Does Bitcoin have a built-in life expectancy?

I understand that the supply of Bitcoins, by design, will not continue to grow to infinity, but is "capped" at 21,000,000. This amount is not in circulation, however, because there are coins that have ...
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1answer
145 views

Awarding yourself more than 25 bitcoins

If the reward is actually a made up transaction with no inputs, what's blocking miners from awarding themselves more than 25 bitcoins?
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3answers
786 views

Transferring Money from China to another Country Using Bitcoin

I would like to transfer large sum of money out of China to another country using bitcoin. China has a $50k limit on overseas transfer, so I thought bitcoin will be a good way to circumvent that. ...
2
votes
1answer
136 views

How come the block reward keeps only getting halved but there is an upper limit for bitcoins in existance?

The maximum number of bitcoins that can exist is 21 million. New bitcoins are made by confirming that transactions happened. Every 4 years the amount of bitcoins people get when they solve a block is ...
2
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0answers
23 views

What happens when the last bitcoin is mined? [duplicate]

If miners are who do the bookkeeping for bitcoin, what happens when mining is no longer profitable, or there are no more coins to mine? Who does the bookkeeping?
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1answer
519 views

How much will one bitcoin cost when the 21 millionth bitcoin (the last one) is mined? [closed]

How much will one bitcoin cost when the 21 millionth bitcoin (the last one) is mined? All I know is that the price is supposed to only get higher the fewer coins there are to be mined.
4
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1answer
112 views

Can transactions scale sufficiently to compensate the diminishing block reward by fees?

Today, the bitcoin network is secured by massive computing power, which is expended in the process of mining. The miners are rewarded by newly mined bitcoins, plus transactions fees. The security of ...
39
votes
3answers
12k views

Will there be 21 million bitcoins eventually?

Every x blocks the mining reward is halved. Will the reward be halved forever such that we never quite reach 21 million bitcoins, or will we reach 21 million bitcoins at some point and will the reward ...
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0answers
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Mining incentive and bitcoin limit [duplicate]

As I understand it mining provides the security for the blockchain in that it makes it hard to forge a transaction. The incentive for finding eligible hashes is a reward in the form of Bitcoin. As ...
3
votes
1answer
470 views

What happens to price when the block reward is gone completely?

What will happen, specifically to the price of Bitcoin and transaction fees when the block reward drops to a negligible amount? Today, each block reward is approximately worth 25 * $300 = $7,500. To ...
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0answers
33 views

When all bitcoins have been mined, how can the Block Chain's interaction be supported? [duplicate]

I've understood for a while that bitcoin mining was a process that required computers to solve increasingly difficult problems in order to mine a block. It wasn't until now that I realized those "...