CODEWITHSUNDEEP
bitcoinbitcoind
Killerbeans
Killerbeans

Reputation: 2163

How does one recieves the Block solving reward of 12.5 bitcoin(currently) when he solves the block of transaction?

In solving the problem of bitcoin blocks who reward the solver of block. suppose i has a address as public key 7671312fhd3213

and solve the block of transaction who decides that i must get a money ???

since my proof of work will be sent to all the peer of the network who issue the bitcoin transaction of 25 bitcoin or 12.5 $ reward to my public key ??

Upvotes: 0

Views: 101

Answers (1)

Killerbeans
Killerbeans

Reputation: 2163

The miner itself includes a special transaction in the block called generation transaction. Every block only has a single generation transaction.

This generation transaction transfers the block subsidy plus the fees of the block to an address controlled by the miner.

For instance, if you look at block 434868, there is a single generation transaction that transfers 12.96 to address 17ggdTQzKFwrKP1zgqb5Kjuw6CpGKaE6Jrw

thanks to disckjet

Upvotes: 0

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