understanding the distribution of Bitcoin Rewards

As a Bitcoin miner, you probably made the concept of rewards and hand despised among the miners who, which are also contributed to stability. However, the exact understanding of winning and hand rewards are distributed can be confused, especially for new miners.

In this article, we will deepen in Dedeils of Bitcoin Reward Distritation, including when the miners get later.

Mining process

When you extract a block in the Bitcoin network, your computer sends a batch of transactions (qualified a “block”) to Bitcoin. There are transactions are versed by the network nodes and which are supported at the blockchain. The miner who is the first in the block is rewarded with newly -emented bitcoins, is calculated that we are calculated with the network.

Transaction Coinbase

In order to receive your reward, the miners must broadcast their transaction to Bitcoin Blework a process called “transaction coinbase”. This transaction is sent from a computer (miner’s car) to Theother (service currency). Coinbase transaction includes the following information:

Transaction ID : A unique transaction identifier.

* The amount of transaction

: The amount of coins transferred.

* Timestamp transaction :

When does the miner get his reward?

When a miner transmits their transaction on the network, it is not rewarded immediately. The reward is the reward is also the miner as soon as possible after they have confirmed that all transactions.

Gere are a few Ky Mileestones in this process:

* Conference for transactions :

Creation block *: A block has been created and reduced to blockchain, miners can start to start it.

* Processing transactions coinbase

:

How long does the miner take his reward?

The time he will make for the miner to get his reward depends on the variations, tilting:

• Network congestion: If there is a network traffic, it is for the miners for transactions.

• Times of transaction processes COINBASE: The one in the future is transactions transactions can have an impact and Houseers rewards.

Typically, the miners can ship these rewards to 1-5 minutes after confirming that all the transactions in the block were. Howver, this time interval can be according to the specific circumstances.

Conclusion*

In summary, Bitcoin Reward involves involves a process in several stages that includes transactions, locking and processing coinbase. Milestones are touched, the miners can expect to recharge 1-5 minutes after they have been able to be able to transact. Note that the processing times of the congestion of the network and coinbase transactions may be a time interval.

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