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I would like to add some other effects not mentioned yet. The income of newly mined bitcoin to miners will get less over time. The costs don't outweigh the benefits, so miners drop out. This results in longer processing time per block. Then it would cause the difficulty to drop, making it less expensive to mine a block. So there won't by a mining stop, ...


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This is most certainly a scam, the scammer's messages explaining how Bitcoin works are pretty much nonsensical. Disregard all the jibberish he wrote to you, if you'd like to learn about Bitcoin, this is a great question to start with: I am new to Bitcoin, how can I get started?. DO NOT use the wallet you created with his help. Just forget you ever created ...


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For the purpose of mining transaction selection Bitcoin Core converts sigops into an effective weight value based on the ratio of the limits. If the weighed implied by the sigops count is higher than the true weight, the higher value is used for fee handling calculations. On any kind of remotely sane transaction this has essentially no effect, but eliminates ...


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What exactly is the transaction fee? The fee of finding a block? The fee of transferring the btc reward to another account? Transaction fee is a method by which anyone who creates a transaction incentivizes the miners to include that transaction in the block that the miner will mine. Bitcoin blocks can have a maximum 4MB of block weight, which means there ...


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The pool members will notice that the pool is not mining as many blocks as it ought to, given its supposed total hash power as reported by the manager, and that they are therefore not earning as much money as they should. A certain amount of this could be attributed to "bad luck"; but over time, or if it becomes extreme, they can tell statistically that ...


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