Bitcoin mining reward in 2009


I imagine all the next has utilized for the reason that starting and continues to be what occurs.

The mining reward just isn’t given when beginning to mine however is allotted when every block has been efficiently mined.

The miner chooses what occurs to the mining reward. They embrace as the primary transaction in a block a particular “coinbase” transaction that has no inputs and no less than one output. The sum of the outputs can’t exceed the sum of the currect mining reward plus the full of transaction charges offerred by every transaction they embrace in that block.

The mining reward can’t be spent till 100 additional blocks have been mined (by any miner) in a series together with the mined block.

The mining reward halves each 4 years roughly.


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