Questions on: mining-reward - страница 3

The Bitcoin protocol is also hard-limited to 21 million bitcoins, meaning that no more than that can ever be created. This means that no central bank, individual or government can come along and simply ‘print’ more bitcoins when it suits them. In thi
Mining is not essential for coin creation. New coin introduction can be tied to new block creation, or be time based. Even if you don't use proof of work, you will still have blocks (even if you don't call them that way anymore; they may be called "d
There are two factors that define the profitability of mining, and they tend to change somewhat independently of one another or at least lag one another quite significantly. The first factor is difficulty. Blocks should be generated every 10 minutes
An interesting question, but I don't think block difficulty is aimed to solve this problem. However, I anticipate that the free market would solve the question as posed. In short, if we have an off-peak hour that provides a lower expectation of BTC p
Likely you're correct, it's not useful in practice. People could, however, use value destruction as an costly signal. Voting example; I run a poll of mining pools; number of Satoshis less than the full block reward, up to 5, is the vote for which of
Immature coins are coins that were created in a block reward and haven't aged sufficiently, yet. The problem with block rewards is that they could still disappear again, if the generating block ends up being invalidated by a competing block chain. In
You don't need a wallet if you are mining at a pool. The coins are kept at your account in their website and you can use them from there. If you want to transfer them to your computer, then yes, you need to download the bitcoin client which automatic
There has been some concern about the fact that transaction fees (in their current form) are not an adequate replacement for the current 50BTC block reward. Gavin has said as much, as have others. The issues of incentive misalignment are described in
You can find out the average transaction fees gathered per block here. You can see that it's been slowly increasing recently, and there tends to be a block every year or so that skews the average quite a bit. But we can confidently say that currently
Has the development team considered decreasing the number of coins earned for solving a block versus increasing the difficulty? There are so many disadvantages to this, they completely outweigh the advantages. First, many more blocks would be generat