Questions tagged [reward-schedule]
refers to the schedule by which the mining reward for a blockchain based currency is dispensed.
133
questions
1
vote
1
answer
45
views
Can the mining reward ever go up?
Can the mining reward ever go up?
I believe the answer is no, and the only way it will go up is if the miners decide to change the protocol.
But, I wanted to check with the experts. Thanks!
- 163
4
votes
1
answer
207
views
Will a post-subsidy block with no transactions include a coinbase transaction?
If a block:
Is after the last halving, so there is no subsidy
Includes no non-coinbase transactions, so there are no fees
Must it include a coinbase transaction? If so, will it simply have no ...
- 256
0
votes
0
answers
19
views
Running a Node To Support the Network [duplicate]
Is there compensation in sats for individuals who invest in running nodes in support of the Network?
1
vote
2
answers
487
views
How/When is mining reward given in the presence of forking / orphan chain?
I am aware this is related to this question. However, I am specifically curious about what would happen to the mining rewards, not the transactions, under a forking condition.
As shown in the picture....
- 15
0
votes
2
answers
65
views
Socialist fee schemes
If in low inflation future network assured contracts become common and in case they rose to a status of most important source of network computing power, wouldn't then make sense to soft fork ...
- 294
0
votes
0
answers
38
views
If hashrate falls for other main chains, will we be brave enough to enforce higher fees?
If in low inflation future users refuse to voluntarily pay high fees and reward is too low and for some reason network computing power (A.K.A. hash rate) falls, can we then expect consensus would try ...
- 294
0
votes
2
answers
72
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 ...
- 15
0
votes
1
answer
49
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 ...
- 109
0
votes
0
answers
23
views
Bitcoin block reward contingencies [duplicate]
When the block reward runs out, I'm assuming Bitcoin is still around then. What are the current discussions around solutions to this? Are there any good places to look for info on this?
Thank you!
- 1
3
votes
1
answer
354
views
Does Bitcoin mining reward halving have documentation? Or is it just in the code?
I can't seem to find actual documentation about the reward halving process.
This is not addressed in Bitcoin's Whitepaper, although Satoshi Nakamoto briefly mentions the decrease of the reward, but ...
- 133
0
votes
1
answer
55
views
Why does the halving event take place every 4 years?
So, as per my understanding - bitcoin halving takes place when 210,000 blocks are mined. And blocks contain transactions - and they contain the same number of transactions (more or less). So, as the ...
13
votes
3
answers
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 ...
- 231
4
votes
1
answer
1k
views
How do you calculate when 98% of Bitcoin will be mined?
Trying to find a calculation to work out what year will an arbitrary percentage of bitcoin will be mined, specifically 98%.
I know it takes 10 minutes to mine 1 block but unsure how to use this?
Thank ...
- 41
4
votes
2
answers
1k
views
when is the mining of the last bitcoin?
I have read online that the last bitcoin will be mined in the year 2140. However, I am not completely sure how this is calculated. As I have seen some sources say there is 32 Reward Eras and given ...
- 43
0
votes
1
answer
93
views
When the number of bitcoin reward halves after 4 years, doesn't the perceived value of a bitcoin about double?
Let's say the price of a bitcoin is US$33,000, and all the miners mine it or not mine it if their electricity kWh price is too high, and it is at an equilibrium that it is somewhat profitable and ...
- 181
1
vote
1
answer
135
views
Does adding more miners create more bitcoin?
I was on another forum and the claim was made that the miners using new technology GPUs are flooding in and because of this there will be more bitcoin produced. My understanding of block rewards is ...
- 113
0
votes
2
answers
162
views
Combine multiple Bitcoin balances into a new wallet?
I need $1000 worth of Bitcoin, but I'm going to use an ATM, and without I.D., there is a limit of $250 per transaction. Could I conduct 4 separate transactions back-to-back, tell the ATM to create a ...
- 1
2
votes
1
answer
49
views
How come this formula predicts more than four years to the next halving?
So I was looking at https://www.binance.vision/halving and it shows that their formula for halving is
(Halving block height - Next block height) * Average time between blocks - estimated time until ...
- 21
0
votes
4
answers
119
views
Does Halving cause inflation?
Why does halving won't make inflation on bitcoin? and does this halving (2020) have difference affect?
- 139
2
votes
1
answer
163
views
Understanding "Bitcoin Inflation vs. Time" chart
I keep seeing this chart on many sites. This discussion page offers a vector version, so I presume it was generated by the author of the post.
Now, while I understand what the graph is meant to show, ...
- 135
5
votes
1
answer
550
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 ...
- 51
2
votes
2
answers
331
views
When will the last block halving happen and when will the block reward fall to 0?
I could not find an answer for these questions:
I found out that there are 33 periods of 210,000 blocks?!?!? First one gave the miner 50 bitcoins per block, then 25, 12.5 ... and the last one 1 ...
- 2,037
3
votes
1
answer
230
views
Understanding the bitwise left shift logic on determining nSubsidy
I'm trying to understand how the >>= operation in nSubsidy >>= (nBestHeight / 210000); actually cuts the subsidy in half every 4 years on Bitcoin v0.01.
It is clear how 210000 blocks ...
- 335
1
vote
1
answer
201
views
When is the halvening? What are the dates of past halvenings?
When a miner finds a new block, they receive a block reward that is comprised of the transaction fees from that block, plus a set amount of newly minted BTC. When the network started, this block ...
- 17.2k
4
votes
3
answers
477
views
What prevents miners from mining more bitcoin after 21million btc?
What prevents miners from mining more bitcoin after 21million btc was mined?
- 145
4
votes
2
answers
140
views
What would happen if miners refused halving
In may 2020 the supply of bitcoin per block is supposed to be reduced by half https://www.bitcoinblockhalf.com/
What if after this phase the first miner or more than 51% of them decide to keep the ...
- 2,361
0
votes
1
answer
168
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 ...
- 23
0
votes
2
answers
132
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 ...
- 103
0
votes
2
answers
1k
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?
- 101
0
votes
1
answer
264
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 ...
- 92
1
vote
1
answer
64
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?
- 71
5
votes
3
answers
1k
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 ...
- 62.3k
1
vote
1
answer
115
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 ...
- 11
0
votes
1
answer
55
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 ...
- 227
3
votes
0
answers
29
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 ...
- 10.5k
20
votes
1
answer
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, ...
- 1,332
4
votes
1
answer
467
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
3
answers
976
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 ...
- 23
0
votes
1
answer
403
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 ...
- 179
0
votes
1
answer
397
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
2
votes
1
answer
223
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-...
- 2,226
3
votes
5
answers
2k
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 ...
- 141
5
votes
3
answers
480
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 ...
- 273
0
votes
1
answer
71
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 ...
- 169
3
votes
1
answer
173
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?
- 143
1
vote
1
answer
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?
- 10.5k
0
votes
1
answer
188
views
Testing altcoin reward halving - Help! [closed]
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
2
answers
199
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?
- 11
3
votes
2
answers
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 ...
- 161
1
vote
1
answer
593
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 ...
- 21