How to mine less than 12,5 Btc?? | Bitcointalksearch.org

Cobalt9317

copper member

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Offering Escrow 0.5 % fee

Quote from: haskellCoder42 on March 16, 2018, 11:00:23 AM

Ok I see, thanks or the answer. So basically instead of mine it alone they share the pow "puzzle" and after solving it first , the 12,5 btc are divided to everyone who participated considering that someone who calculated more hashes per second will receive more than someone who had a less hashrate, right?

AFAIK that statement of yours is correct every pool share their own profit the first pool to find the block will eventually mined the block and divided all the the block rewards along with their participants in the pool. Nevertheless you also need to study the ff:

Transaction fees

If the number of unconfirmed transaction grows higher than expected mining pool would only accept a future transaction with a reasonable amount transaction fee. in other words oneself need to put a big amount of transaction fee every time s/he needs to send a transaction to make it confirmable.

Electric consumption

The power of your mining equipment have the equivalent power consumption.

Bitcoin halving

The rewards of every block have a halving event estimatedly every four years.

haskellCoder42

newbie

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Quote from: teramit on March 15, 2018, 06:02:09 PM

if you are connected to a pool it can give you bitcoin less than block size according to your hashpower .So that you may get 1 or 2 btc. If you mine solo and find block then you cant have less than block size. Bytheway 1 or 2 btc share is too big you have to have a huge mining farm.

Ok I see, thanks or the answer. So basically instead of mine it alone they share the pow "puzzle" and after solving it first , the 12,5 btc are divided to everyone who participated considering that someone who calculated more hashes per second will receive more than someone who had a less hashrate, right?

Kogs

member

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Merit: 26

Actually it is possible to create a coinbase transaction which pays less than the maximum possible amount.

Check this url about protocol rules https://en.bitcoin.it/wiki/Protocol_rules which explains all the checks which are done to ensure consensus.

Quote

...
"block" messages
...
15. Add block into the tree. There are three cases: 1. block further extends the main branch; 2. block extends a side branch but does not add enough difficulty to make it become the new main branch; 3. block extends a side branch and makes it the new main branch.
16. For case 1, adding to main branch:
...
2. Reject if coinbase value > sum of block creation fee and transaction fees
...

To verify this statement I was also checking the bitcoin code what is actually implemented and I found this https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L2011-L2017

Code:

bool CChainState::ConnectBlock(const CBlock& block, CValidationState& state, CBlockIndex* pindex,
                  CCoinsViewCache& view, const CChainParams& chainparams, bool fJustCheck)
{
...
    CAmount blockReward = nFees + GetBlockSubsidy(pindex->nHeight, chainparams.GetConsensus());
    if (block.vtx[0]->GetValueOut() > blockReward)
        return state.DoS(100,
                         error("ConnectBlock(): coinbase pays too much (actual=%d vs limit=%d)",
                               block.vtx[0]->GetValueOut(), blockReward),
                               REJECT_INVALID, "bad-cb-amount");
...

You can clearly see, that it's not allowed to reward more than the block reward + transaction fees, but anything equal or smaller than the block reward + transaction fees is fulfilling the consensus rules and is valid.

The question is just, if and why someone would not claim the maximum possible reward when mining a block.

Nevertheless that this situation is possible, I'm not sure if your example is actually doing this or if there is another reason like paxmao or teramit already explained.

If you could provide the block hash of your example we could give you a better reason what exactly happens with the block reward inside this block.

teramit

legendary

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The Last Cryptocoin Burner

if you are connected to a pool it can give you bitcoin less than block size according to your hashpower .So that you may get 1 or 2 btc. If you mine solo and find block then you cant have less than block size. Bytheway 1 or 2 btc share is too big you have to have a huge mining farm.

paxmao

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Do not die for Putin

Quote from: haskellCoder42 on March 15, 2018, 04:58:47 PM

How is it possible to mine only 1 or 2 Btc if the reward for one block is 12,5 Btc? I don't think one can mine a half block or less..
Can someone explain this to me?

Pool mining.

haskellCoder42

newbie

Activity: 70

Merit: 0

How is it possible to mine only 1 or 2 Btc if the reward for one block is 12,5 Btc? I don't think one can mine a half block or less..
Can someone explain this to me?

Topic: How to mine less than 12,5 Btc?? (Read 206 times)