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Author Topic: How do miners actually collect commission for creating a block?  (Read 187 times)
gunhell16
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December 16, 2022, 12:34:32 PM
 #21

I've just looked through Blockchain.com and looked through transactions in a block. And neither a lot of outputs were in the coinbase transaction nor the last transaction was with lots of outputs. So how does miner actually collects commission?

In the first place dude, what does the bitcoin miners do? as far as I know these miners are producing valid blocks, and there are some bitcoin miners such as to full and to pull slush and so on. Aside from that they will be looking at this transaction buffer get the block of transaction you know like 2 to 3 megabyte or that there is block limit so they get certain amount of transaction they start mining it. And once its start, it produce hash anyway.

In short, its not like you're mining and then later or someone transfer you the money. As part of the mining process itself you add a reward to yourself in that block and as far as we all know it's a guessing game so you have nonce is equal to 1, 2 or 3 something like that.


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