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Questions tagged [block-reward]

Reward paid to the miner of each block by the way of a coinbase transaction plus all transaction fees attached to any transactions included in that block. Questions specific to coinbase transactions use [Coinbase-Transaction] Questions specific to the smoothly decreasing block reward use [block-reward-schedule].

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monero blocks /min , too many, should be just 1 every 2 min

is this ok to have so many blocks / min? 1686205 2018-10-19 17:44:40 (10 minutes ago) 7542 4 92228410a92dc14bad88ef8baac0af83c37bf1526fb64b0a76357989fc8a6f76 1686204 2018-10-19 17:44:15 (10 ...
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1answer
48 views

Would a long-time block target be annoying?

Lets imagen for a second that I have an idea for a really unique coin and not just a clone ... If I created this coin to have an average new block-time of 1 day would it need to give more coins for a ...
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0answers
121 views

Why is the mining reward lock time set to 60 blocks?

What is the rational behind the mining reward lock time constant having been set to 60 blocks?
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1answer
116 views

How do I figure out how much a share is worth in the PPLNS world?

I'm trying to figure out how much accepted shares are worth, however small, in a mining pool, situation, specifically of a PPLNS scheme. What is the formula to figure how what a specific share is ...
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1answer
82 views

Am I understanding PPLNS correctly in this example?

I want to be sure I understand how the PPLNS pool payment system works. As I understand it, the theory is to reward loyal miners as opposed to people who continually switch pools. So I've been ...
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36 views

Why does Monero's block reward never go below 0.3 XMR? [duplicate]

Why was it decided to make Monero's block reward never go below 0.3 XMR (after around 18.4m coins)? (Another question: What's the exact number? I've only heard "around 18.4m" but what's the exact ...
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1answer
345 views

What determines who gets the block reward

I am trying to understand the monero code and was unsure how the code decides which address to the block reward to and how it is done. I have been able to follow the proccess up until we decide how ...
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1answer
507 views

PPS reward per share

I am wondering how the pool decides how much you get for you share. An interesting parameter might be the difficulty. However is there any equation to calculate the payout per share? Let's say we ...
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1answer
137 views

Why is the number of total block confirmations different in different pools?

I visited https://monerohash.com/#pool_blocks. It confirms every block 50 times while http://minexmr.com/#pool_blocks uses 20 confirmation only. Can anyone explain to me why this is happening?
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1answer
232 views

How does one change Monero's block reward for chosen blocks?

For what I mean, see this example in bitcoin-based coins. We can do this: CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams) { int halvings = nHeight / ...
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1answer
309 views

How to change the total coin supply in monero?

How to decrease coin supply in monero ? I know it uses: #define MONEY_SUPPLY ((uint64_t)(-1)) // =18446744073709551616 but how make it 9223372036854775808 or lower ? at int's it posible change ...
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1answer
292 views

Reward always Zero

Again I need your help. I created a fork of Monero. In the first version I only changed the crypto name, but all other values are the same as Monero. My problem is, I found around 300 blocks, but the ...
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1answer
251 views

How does the daemon determine the recipient address of the mining reward?

One may connect from several different wallets to the daemon. Mining is done on the daemon. In case a block is found, which wallet/address will the reward be credited to?
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1answer
105 views

Why does the block reward have multiple inputs?

I was playing on the testnet and I mined a block. In the wallet I can see the block reward, but it looks like it has multiple inputs Height 10, transaction <...
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1answer
1k views

In Monero GUI Beta 2, is rewarding the solo miner automatic?

I installed Monero GUI Beta 2, downloaded the blockchain and started to solo-mine. If the program finds a block and I'm rewarded, is this reward process automatic or should I do something to get my ...
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1answer
541 views

How exactly is a pool mining reward distributed

How is the reward distributed to the pool distributors when a new block has been found? Two examples: If my pc is connected to a pool 18 hours a day and I disconnect during night, will I still get a ...
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2answers
1k views

How does the dynamic blocksize and the dynamic fees work together in Monero?

This mechanism is unique to Monero because it's the only cryptocurrency to have both blocksize and transaction fee dictated by an algorithm, how was this achieved and what is the rationale behind such ...
2
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1answer
398 views

Who will receive the Monero tail emission

After 18 million coins or by may 2022 the last block would be mined and tail emission follows. Thus, who will receive this tail emission?
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1answer
4k views

Monero block reward schedule

Does the Monero block reward just decrease and I don't mean the transaction fee. Are there any specific dates of this when it will happen?
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1answer
298 views

How can block size grow over time when miners are incentivised to keep size small?

Miners are penalised if they mine a block that is larger than a threshold. Miners can make sure that the blocks they mine don't go over that threshold in order to avoid a reward penalty (by adapting ...
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2answers
606 views

How long are mining rewards locked on testnet?

I started a Monero testnet daemon this morning, and started mining to get a few testnet coins. Meanwhile, after mining 13 blocks, my wallet says: Balance: 167.583046443332, unlocked balance: 0....
3
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1answer
628 views

Understanding block reward calculation

I've read this explanation of how block rewards are calculated. But I fail to apply it in practice. Let's take block #1233057 as an example: The base reward is 8.8005 (which matches the result of the ...
4
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1answer
156 views

Reward penalty: how to control the block size?

I understand that there is a penalty for large block sizes and the miner who finds a large block only gets a portion of the nominal reward. But I fail to see how a miner, who just "packs" ...
16
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1answer
824 views

Is the Monero genesis block reward spendable?

Is the Monero genesis block reward spendable? The 50 BTC in the Bitcoin genesis block can never be spent. Are the 17.592186 XMR from the Monero genesis block capable of being spent? If they cannot ...
4
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1answer
126 views

Why does mining generate new coins on a fresh testnet?

So far I thought that mining is the process, when the network verifies transactions. When a transaction is verified, it gets added to the blockhain. In other words, a new block has been found. Then ...
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2answers
144 views

Ghost protocol for Monero?

Ethereum allows for an extremely low block time by keeping track of and rewarding miners of orphan blocks (uncles in Ethereum) thus including their work in calculating the longest chain. Is there ...
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5answers
989 views

Can we practically compensate full nodes

Is it practical to compensate full nodes in the Monero network? The nodes that aren't mining The primary issue with non-Proof of Stake methods is the sybil attack, but requiring full nodes to already ...
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2answers
2k views

Block reward penalties and dynamic block size

Block reward penalties begin if a block gets beyond 60kb in size. What is the reason why this limit is not dynamically re-calculated to follow a ratio of the blocksize limit instead of a constant?
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2answers
350 views

What is the reason for using the smoothly decreasing block reward?

What is the reason for using the smoothly decreasing block reward instead of a periodic "halving" like Bitcoin? What impact does a smoothly decreasing reward have other than avoiding sudden dramatic ...