Questions on: mining-reward

This is then added to the block reward – which halves every 210,000 blocks or roughly every four years – in 2015 the reward will be 25 Bitcoins and will reduce by 50% to 12. 5 Bitcoins per block in 2017. The maximum number of halving allowed in the b
The creator, Satoshi Nakamoto (referred to as a "he" hereafter even though it might be a woman or a group of individuals), seems to have mined many of the early Bitcoin blocks. There have been several analyses identifying blocks mined by a specific s
When a miner in a pool finds a valid block, the pool receives a reward (currently ~50 BTC) in a special generation transaction in the block. The address receiving the generation reward in a given block is known, and pools publish statistics on which
What deflationary problems? Banksters have successfully convinced us that deflation is bad it seems. Don't believe it because that little and supposedly good inflation has destroyed the value of the dollar very effectively. Deflation is not bad and q
The answer to your question can be found on the Bitcoin wiki. It's true that everyone can mine, but the amount of coins that are up to be mined by miners is controlled by the Bitcoin protocol. The difficulty of mining a "block" is adjusted automatica
The "8 decimals limit" is not that, but rather bitcoins are a human readable representation for 100,000,000 satoshi: The software natively computes in satoshi. What happens under the hood is that the limit of satoshi that a miner may claim by creatin
Many thousands of articles have been written purporting to explain Bitcoin, the online, peer-to-peer currency. Most of those articles give a hand-wavy account of the underlying cryptographic protocol, omitting many details. Even those articles which
Transactions are not necessary to mine blocks. In simple terms: mining a block = finding a hash that matches with the previous block's hash + optionally a bunch of unconfirmed transactions. A block doesn't need to include any transactions
As you mentioned, bringing coins into the network is one of the main purposes of mining. But this reward is just an incentive to do the other more important part of mining: 'processing' transactions. ImmutabilityAs detailed here, when a block has bee
All times approximate. Each block takes ten minutes, so there are six blocks per hour, 24 hours per day. The original block reward was 50 BTC