Feed for tag: reward
Selfish Mining Prevention

Andrew Karamaoun proposed an idea to discourage selfish mining, which is to allow the block reward get determined by the peak hash rate.

For instance if $$p$$ is the peak hash rate for 365 periods or 1 year, made up of 144 blocks, $$h$$ the hash rate of the last 144 blocks (1 day period), and $$r$$ the base subsidy or reward for mining a block, which is currently 12.5 bitcoin, the maximum block reward can then be calculated using the formula $$0.5r (1 + h/p)$$ , the lowest possible block reward being $$0.5r$$ . At peak hashrate, the miner gets the full 12.5 BTC reward, otherwise the reward is determined based on the hashrate.