Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up.
Sign up to join this communityAnybody can ask a question
Anybody can answer
The best answers are voted up and rise to the top
This question is about how Bitcoin rewards would appear in a miner's wallet. Let's assume that two miners have solved the next block hash, and broadcast their block to the network simultaneously...
On solving a block hash, does the block reward show in the miner's wallets immediately, or if there some network delay or verification process that must occur before a miner sees their block reward?
Since both miners have solved the next block hash simultaneously, only one of them can win. In this case the network's longest chain succeeds. Would the losing miner in this case see their wallet balance decrease?
Both miners should see their total funds increase the moment they mine a block. (Since from each of their perspectives, they're on the best chain and the other chain is extinct at that moment.) Then, when one chaintip pulls ahead, the miner that found the extinct chaintip would see their funds decrease again as the stale block gets reorganized out and they switch away from their own chaintip.
However, the spendable funds would not increase and decrease: coinbase transaction outputs are only spendable after maturing for 100 blocks.
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments