Questions tagged [reward-schedule]
refers to the schedule by which the mining reward for a blockchain based currency is dispensed.
104
questions
0
votes
1answer
43 views
Can the Bitcoin halving be delayed?
Currently the next halving date is May 2020 (provisional) according to enter link description here.
I understand that every 210k blocks, the block reward is halved and this works out, roughly, to ...
0
votes
2answers
47 views
Historical Prices Immediately Following Bitcoin Halving
I searched here for posts on historical price movements following Bitcoin halving but didn't find much. I found some old posts that inquired about the anticipated price changes expected for future ...
0
votes
2answers
142 views
Is there a limit to the number of Bitcoin addresses? [duplicate]
Is there a limit to the number of Bitcoin addresses?
And if so, what stops someone from making all these addresses and holding the private keys for them so no one else can make a new public key?
0
votes
1answer
67 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 ...
1
vote
1answer
51 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?
5
votes
3answers
589 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. This translates to an annual inflation of 100% in ...
1
vote
1answer
92 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 ...
0
votes
1answer
29 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 ...
2
votes
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 ...
18
votes
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, ...
3
votes
1answer
197 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 ...
2
votes
3answers
486 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
votes
1answer
236 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
votes
1answer
355 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?
1
vote
0answers
92 views
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-...
3
votes
5answers
599 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 ...
5
votes
3answers
459 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 ...
0
votes
1answer
66 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
votes
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?
1
vote
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?
0
votes
1answer
152 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 ...
1
vote
2answers
174 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?
3
votes
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 ...
1
vote
1answer
585 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 ...
2
votes
0answers
331 views
How much can you earn by running a Dash master node with 1000 dash as of 2017-May? [on hold]
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?
1
vote
1answer
302 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
...
1
vote
2answers
277 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?...
4
votes
2answers
1k 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
votes
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. ...
1
vote
1answer
128 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.
8
votes
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?
4
votes
1answer
75 views
Are there any post BTC halving hashrate prediction markets?
Are there any futures markets that allow predictions of post BTC halving network hashrate?
0
votes
1answer
137 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
votes
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
291 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?
0
votes
1answer
278 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
votes
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)?
1
vote
0answers
53 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 ...
1
vote
2answers
786 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 ...
2
votes
1answer
146 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?
3
votes
3answers
794 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
142 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
votes
0answers
24 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?
-2
votes
1answer
548 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
votes
1answer
114 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 ...
45
votes
3answers
13k 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 ...
1
vote
0answers
14 views
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
537 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 ...
1
vote
0answers
34 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 "...
