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Author Topic: Where do mined coins go? (Answered)  (Read 591 times)
BookLover (OP)
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July 17, 2013, 04:44:45 PM
Last edit: July 17, 2013, 05:11:29 PM by BookLover
 #1

Here is the scenario, I'm solo mining with bitcoin qt and I manage to mine a block:
To which address do the coins go?  
Is it to one of my existing addresses or to the an address in my keypool?  
If I mine another block will it be sent to the same address?

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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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July 17, 2013, 04:59:28 PM
 #2

Here is the scenario, I'm solo mining with bitcoin qt and I manage to mine a block:
To which address do the coins go? 
Is it to one of my existing address or to the an address in a keypool? 
If I mine another block will it be sent to the same address?
It will get sent to your wallet address

Message me if you have any problems
Meni Rosenfeld
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July 17, 2013, 05:04:44 PM
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It will be sent to a new address, a different one each time.

Where "new" does mean it's taken from the key pool.

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BookLover (OP)
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July 17, 2013, 05:07:34 PM
 #4

@ Meni: Thanks for the clear answer. Cheesy  Now I can answer this https://bitcointalk.org/index.php?topic=255927.0;topicseen question. Wink

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July 17, 2013, 05:13:15 PM
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Mined coins go to buying more mining hardware. Feed the beast don't you understand this is the ultimate example of diminishing returns. That's where my coins go.
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