What happens when a miner does not claim all fees/generated coins?


Suppose that a miner for some reason has the generation transaction of their blocks not take all the possible coins. This can happen for a variety of reasons, almost all of which are bugs:

An off-by-one error makes them think that their block should generate only 25 BTC when we're still at 50 BTC per block Some bug prevents them from noticing a transaction fee; perhaps they were mining and updating the block in parallel using non-thread-safe code. Depending on the answer to this question, they may actually decide to do this on purpose (though I can't think of an answer that would cause this in the vast majority of cases)

I can think of a few possible ways the network would respond, and none really seem ideal.

The block could be rejected, just as it would be if it had too much generated. The block could be accepted and the extra coins available for whoever mines the next block (in which case, somebody may do this on purpose to encourage others to mine). The block could...
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Approximately 10 Jul 2016 13:00:33.

The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins.

Total Bitcoins in circulation: 15,649,450

Total Bitcoins to ever be produced: 21,000,000

Percentage of total Bitcoins mined: 74.52%

Total Bitcoins left to mine: 5,350,550

Total Bitcoins left to mine until next blockhalf: 100,550

Bitcoin price (USD): $644.48

Market capitilzation (USD): $10,085,757,536.00

Bitcoins generated per day: 3,600

Bitcoin inflation rate per annum: 8.76%

Bitcoin inflation rate per annum at next block halving event: 4.09%

Bitcoin inflation per day (USD): $2,320,128

Bitcoin inflation until next blockhalf event based on current price (USD): $64,802,464

Total blocks: 415,978

Blocks until mining reward is halved: 4,022

Approximate block generation time: 10.00 minutes

Approximate blocks...

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Once all the bitcoins have been mined, or even close to it, the situation will become more interesting. The more people continue to adopt it the price will continue to rise. Hopefully bitcoin, or some other crypto currency will become accepted world-wide. Since rising population means more and more people adopting it, the amount 1 bitcoin is worth will continue to rise, leaving more people using fractions of bit coins that will be worth what one bit coin was worth a few years before.

What this means:

1.) Poor people, who are able to save very little will find themselves much wealthier as populations increase just by saving a little (poverty will not be permanent for anyone). Instead of there being inflation, rising population will cause deflation. Anyone who saves money, including those who are already wealthy, will grow wealthier with each person born.

2.) Research in maintaining the health and increasing the lifespan of a population will become more...

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2.0.3 Update – Replaced DogeCoin in the CPU Miner Software

Windows Download – Wallet Direct Link

More Info – Tech Specs , Current Ranking

Exchanges – Cryptsy, ( Bter my Personal Favorite)

Pool: http://hvc.1gh.com

Windows Download – Wallet Direct Link

Cheatsheet – Tech Specs , Current price...

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Hello miners!

Today we present you MinerGate mobile miner for Android. Make your smartphone a portable mining rig!

The whole thing wasn’t done by our developers, but by your fellow miner forstore who sent us the software to participate in the API contest. We were so impessed and inspired by his work that we decided to ask our designers for help and add the GUI realisation of the mobile miner.

The result is now for you to judge, download the file here and test the app for yourselves.

Here are the options available:

log in to your MinerGate account choose the currency to mine by clicking on the coin’s name start mining

check the balance in the mobile wallet. You can also see which currencies you are currently mining with your desktop and mobile applications

customize your mobile mining experience

Here are the options in the Settings menu: Thread Count. If you want the miner to use more or less of your phone’s...
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Solo mining is practically impossible. Only big miners with dozens of ASIC/GPU cards have a chance of generating block in a single day. Average miner wait months to find a block. Only reasonable alternative is to work together with other miners. We have created Coinotron.com to support that joint effort. We invite you to join Coinotron.

For each block generated in our pool we get certain amount of coins. Next we split these coins between miners proportionally to amount of work delivered using various methods of reward distribution: PPS, RBPPS, PPLNS.

long history of stable payouts security is our priority, user passwords are hashed and salted we offer two-factor authentication ( Google Authenticator ) our servers are highly secured and DDOS protected website is protected against brute force and dictionary attacks automatic payouts every 120 minutes simple api Stratum support in all pools monitoring of workers activity charts Register...
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Enter your Bitcoin address to get started.
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Invalid addresses will be considered as a donation.

What is The BTC generator?

The BTC generator is a special faucet because YOU decide how often to claim!*

The faucet will gradually** fill up until you make a claim.
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