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Results tagged with mining-reward
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user 24925
The monetary incentive for mining, especially how block rewards are generated, claimed, and composed. 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.
4
votes
Accepted
Is the reward for successfully mining a block a transaction on the bitcoin network?
Yes, it is known as a coinbase transaction. It is the first transaction in every block and has some slightly different rules to all others. It has blank inputs, can not be spent for 100 confirmations, …
- 15.5k
3
votes
Accepted
To be more energy efficient, wouldn't be a consensual fork - right now - without the reward ...
I would assume that the transactions fees would stay or converge to be very low levels, because every miner has always an incentive to add any transaction with a positive fee.
Block space is finite, …
- 15.5k
6
votes
Accepted
What is the motive of a miner to include transaction in a block?
Blocks can contain whatever is valid, anything beyond that is up to the miner to decide. Including no transactions other than the coinbase transaction is valid, and there is no way of having a rule w …
- 15.5k
6
votes
Accepted
How do mining pools ensure pool members don't cheat?
The work given by a pool includes the coinbase transaction which defines the payment as going to the pool, and is unique to that. If the client modifies the payout address, the proof of work they have …
- 15.5k
2
votes
Accepted
Incentive for miners to keep mining once reward get very low
it will be less and less rewarding to keep adding hashing power for the miners to protect the network and more and more tempting to try a 51% attack even if it just for breaking the confidence in t …
- 15.5k