Refers to the schedule by which Bitcoin's mining reward is dispensed.
Questions tagged [reward-schedule]
138 questions
70
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Will Bitcoin suffer from a mining Tragedy of the Commons when mining fees drop to zero?
One issue that I haven't seen clearly addressed is the possible Tragedy of the Commons in Bitcoin's future (see this answer). 40 years into the future, the only significant direct benefit for honest miners is transaction fees, as the block reward is…
ripper234
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How many bitcoins will there eventually be?
Since bitcoins are being regularly rewarded to miners, will the number of bitcoins continue to grow indefinitely, or will there be a maximum total number of bitcoins in existence? And if there is some kind of limit, what is it and how is it…
eMansipater
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Will there be 21 million bitcoins eventually?
Every x blocks the mining reward is halved. Will the reward be halved forever such that we never quite reach 21 million bitcoins, or will we reach 21 million bitcoins at some point and will the reward cease to exist altogether?
Extra points for…
erikvold
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What will happen to mining after the 20 999 999th Bitcoin?
After the 21 millionth bitcoin or 20,999,999th bitcoin is mined, what will happen to bitcoin mining? - will it just stop, or will we make a further division of the satoshi thanks to Bitcoin's infinite divisibility? Or maybe miners could mine a share…
Marco Scannadinari
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3 answers
When will the last Bitcoin be mined?
Estimates have been thrown around a lot recently as to the year in which the last Bitcoin will be mined- where are these estimates coming from? Could someone send me to the relevant code?
Jason Dreyzehner
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3 answers
Will all 21 million units be completely mined one day?
It is written that the supply of Bitcoin units is limited to 21 million and that this limit will approximately have been reached around the year 2030.
But is there an actual "last Bitcoin" (or "last Satoshi" for that matter) that will have been…
herzmeister
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26
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What happens to the bitcoin network when the miners all stop in the future?
What happens to the bitcoin network when the miners all stop, years in the future after all the bitcoins have been mined? How will the network continue to function? Won't bitcoins then be useless? What would be the incentive for an individual to…
Demioprax
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When was block 210000 generated and who solved it?
When was block 210000, the first block to feature halved 25BTC reward, generated and who solved it?
ThePiachu
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How does the most recently found critical vulnerability (CVE-2018-17144) work?
If you were a miner, what are the steps you would take to create the extra (21,000,012.5th) bitcoin?
Where in the source code is this exactly (link)?
Why can't this be done by a non-miner?
Also, which forks are/were vulnerable?
hedgedandlevered
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What are the advantages/disadvantages of a continuously decreasing block reward compared to the current method?
The current method to control the bitcoin supply to a maximum of 21 million BTC is to reduce the block reward (currently 50 BTC/block) by 50% every 210000 blocks. In this forum post there is a discussion about "why doesn't the block reward decrease…
kirian
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15
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3 answers
What happens once mining speed gets close to zero?
According to Wikipedia
The number of Bitcoins created per block is never more than 50 BTC, and the awards are programmed to decrease over time towards zero, such that no more than 21 million will ever exist.
from which I naively conclude that as…
sharptooth
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3 answers
Could there be hyperinflation in Bitcoin?
Currently the creation of new coins is fixed at a certain rate which halves every few years and will at some point in the future drop to zero. As I understand it, this is by consensus, i.e. all the nodes in the network agree on this…
Manish
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Why is Bitcoin fair?
According to the Wikipedia article on Bitcoin:
The initial bitcoin distribution is advantageous towards early-adopters. [...] However, the amount of work that must be done for one bitcoin is currently over 500,000 times more than the amount of work…
Jason
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Why are the mining rewards set to reduce in such dramatic steps?
The mining rewards are scheduled to drop from 50btc to 25btc. The next drop again will be from 25 to 12.5btc. In each of the steps into a new "era" the mining reward is reduced by 50%.
This seems like a very dramatic pay cut at each juncture, Is…
Andrew Vit
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14
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What happens once the mining reward gets cut in half?
Sometime around the end of 2012 the mining reward is expected to be cut in half from 50BTC/block to 25BTC/block.
What effect will this have? Doesn't this mean that it will be less economic to run a Bitcoin miner? Will the hashing power be severely…
Yuval Adam
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