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authorJeff Garzik <jgarzik@exmulti.com>2013-05-13 18:00:27 -0400
committerbitcoindev <bitcoindev@gnusha.org>2013-05-13 22:00:34 +0000
commit29a6691a5e2bb34a765e4fd72de783c3c8f9a122 (patch)
tree01f3b96c3cccdef7876ba0bf9dfbd7973637e92d /78
parentf466b1ad780f527025ce20b241b6a0c4c9abec60 (diff)
downloadpi-bitcoindev-29a6691a5e2bb34a765e4fd72de783c3c8f9a122.tar.gz
pi-bitcoindev-29a6691a5e2bb34a765e4fd72de783c3c8f9a122.zip
Re: [Bitcoin-development] merged mining hashcash & bitcoin (Re: Coinbase TxOut Hashcash)
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+Date: Mon, 13 May 2013 18:00:27 -0400
+Message-ID: <CA+8xBpdoZY2YEPsj5HmBjNob9+s9HqnANS4CLH2BaDOvbGFgbQ@mail.gmail.com>
+From: Jeff Garzik <jgarzik@exmulti.com>
+To: Adam Back <adam@cypherspace.org>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] merged mining hashcash & bitcoin (Re:
+ Coinbase TxOut Hashcash)
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+
+On Mon, May 13, 2013 at 5:12 PM, Adam Back <adam@cypherspace.org> wrote:
+> When you said destroy-via-miner-fee:
+>
+>
+>> Don't forget: 4. destroy-via-miner-fee, which is useful because it
+>> provides funding for a public service (bitcoin transaction
+>> verification).
+>
+>
+> Is that directly possible? Because the reward transaction has no source,
+> and no fee? Or can you put a 25BTC fee in the reward transaction in the
+> coinbase?
+
+When a transaction's input value exceeds its output value, the
+remainder is the transaction fee. The miner's reward for processing
+transactions is the 25 BTC initial currency distribution + the sum of
+all per-transaction fees. A destroy-by-miner fee transaction is a
+normal bitcoin transaction sent by any user, that might look like
+
+Input 1: 1.0 BTC
+Output 1: 0.5 BTC
+
+(the miner fee is implicitly 0.5 BTC, paid to whomever mines the
+transaction into a block)
+
+Sadly the bitcoin protocol prevents zero-output,
+give-it-all-to-the-miner transactions.
+
+--
+Jeff Garzik
+exMULTI, Inc.
+jgarzik@exmulti.com
+
+