Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward
396558 3/Feb 22:51 24.80513300
393929 18/Jan 22:31 24.79041611
ive wondered this also
There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network.
See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining?
Let's be honest, bitcoin is not something that anyone can learn quickly in the depth that you or Kano would know. I've been following bitcoin and have spent many hrs everyday reading and asking questions to learn, but I still have plenty to learn. We all have to start somewhere. Heck even learning the different wallet, how to secure it, mining pool types, 5ND payout, etc is over a week of research alone. All most people hear is that when a block is found you get 25 blocks. No one really go into details that it could be a block value of 25.98 which is almost 26 blocks or 24.80 if there's a ton of transactions in that blocks that can reduce it that much, etc.
My partners mine at many pools and I see all kinds of range, hence the question. Here's an example from Slush. I never would know a Block value could be almost 26 bitcoins. I do know that there are transaction fees, just never realized how wide of a range it can be .
26044 2016-02-02 18:18 37 minutes 40.44 Ph/s 120033340651 565% 396343 25.98289867 BTC Confirmed
So I'm sorry if our questions sounds stupid, but I rather understand than to be ignorant and say "that's how it works, that's bitcoin technology".
