Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Mining Theory – How to make a coinbase? How to use witnesses?
BITCOIN NEWS

Mining Theory – How to make a coinbase? How to use witnesses?

By Crypto FlexsDecember 13, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Mining Theory – How to make a coinbase?  How to use witnesses?
Share
Facebook Twitter LinkedIn Pinterest Email

BIP141 added a new rule called “witness appointments.” “Promises are written to the scriptPubKey of the Coinbase transaction,” the document states. I didn’t quite understand what it meant, so I directly placed ‘default_witness_commitment’ provided in the block template when creating Coinbase in the scriptPubKey location. Here is my code:

def makeCoinbase()->None:
    global coinbase,tmpl
    version=pack('<L',1)
    inputCount=unhexlify('01')
    txHash=unhexlify('0000000000000000000000000000000000000000000000000000000000000000')
    preSequence=unhexlify('ffffffff')
    eh=encodeHeight(tmpl('height'))  #Don't worry about this function, it handles height
    msg=eh+b'my message'
    msgSize=pack('B',len(msg))
    sequence=unhexlify('ffffffff')
    outCount=unhexlify('01')
    amount=pack('<Q',tmpl('coinbasevalue'))
    script=unhexlify(tmpl('default_witness_commitment'))
    scriptSize=pack('B',len(script))
    lockTime=unhexlify('00000000')
    coinbase=version+inputCount+txHash+preSequence+msgSize+msg+\
        sequence+outCount+amount+scriptSize+script+lockTime
    tmpl('transactions').insert(0,
        'data':coinbase.hex(),
        'txid':dblsha(coinbase)(::-1).hex()
    )

The tmpl variable is the template obtained using the “getblocktemplate” command. I am testing my code in regtest. When you submit a block, Bitcoin Core creates a new block. And my balance increased. However, when I checked Coinbase for the newly created block, the results were as follows.


    'txid': '9cb794f3292d1ece3af6c1d3055cf6fb26cf2126ff48b39b229bfec5ec651ec4', 
    'hash': 'de081b2a9552ac559d3501ed0669f675530fe9890e27d263c1aff65e678ddc4e', 
    'version': 1, 
    'size': 153, 
    'vsize': 126, 
    'weight': 504, 
    'locktime': 0, 
    'vin': (
        'coinbase': '016c54686520477265617420476f642050616e', 
        'txinwitness': ('0000000000000000000000000000000000000000000000000000000000000000'), 
        'sequence': 4294967295), 
    'vout': (
        'value': Decimal('50.00063100'), 
        'n': 0, 
        'scriptPubKey': 
            'asm': 'OP_RETURN aa21a9edb14717ddf39dacad0babfff4d8d951c076e95d11d2b1f328632c32f98c015d2c', 
            'desc': 'raw(6a24aa21a9edb14717ddf39dacad0babfff4d8d951c076e95d11d2b1f328632c32f98c015d2c)#psf60z3m', 
            'hex': '6a24aa21a9edb14717ddf39dacad0babfff4d8d951c076e95d11d2b1f328632c32f98c015d2c', 
            'type': 'nulldata'
        
    ), 
    'hex': '010000000001010000000000000000000000000000000000000000000000000000000000000000ffffffff13016c54686520477265617420476f642050616effffffff017ce8062a01000000266a24aa21a9edb14717ddf39dacad0babfff4d8d951c076e95d11d2b1f328632c32f98c015d2c0120000000000000000000000000000000000000000000000000000000000000000000000000'

As you can see, it only contains one vout. And that vout doesn’t contain any address. But if you look at Coinbase for a block on the main network, it always contains more than one vout, and the vout contains an address. My question is, am I building Coinbase the right way? If not, how do I fix it? Bitcoin Core did not report any errors, but I always suspected that I had lost the miner’s address.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Could the UK become a stablecoin hub for cryptocurrencies?

June 30, 2026

bitcoin core – How does a block explorer efficiently index and query plain text strings in OP_RETURN?

June 24, 2026

Try to win on Great Game Rockies slots

June 18, 2026
Add A Comment

Comments are closed.

Recent Posts

UK Online Leisure in 2026: How will cryptocurrency-friendly entertainment grow?

July 3, 2026

$437 Billion In Trading Volume, Offering Access To 7,000+ US Stocks And ETFs

July 3, 2026

Guardian Rewards – Vault12

July 2, 2026

Seamless Spending With Up To 120 USDT In Rewards

July 2, 2026

Banks Move on Euro Stablecoins

July 2, 2026

ORBS) Reports Total Holdings Of Approximately $386 Million, Includes OpenAI, Beast Industries, More Than 16,000 ETH And Over 283 Million WLD Tokens

July 2, 2026

JPMorgan Chase CEO opposes the Clarity Act and said banks will fight the bill in upcoming price hikes.

July 2, 2026

CZ blocks ETF withdrawal with $1 million Bitcoin call

July 2, 2026

Valle Capital Token Launches RWA And Agribusiness Ecosystem

July 1, 2026

Chainlink Price Prediction: Record Network Growth Meets Weak Tech

July 1, 2026

Ethereum Institutional Launches As Independent Non-Profit To Bring Institutional Finance Onchain At Scale

July 1, 2026

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

UK Online Leisure in 2026: How will cryptocurrency-friendly entertainment grow?

July 3, 2026

$437 Billion In Trading Volume, Offering Access To 7,000+ US Stocks And ETFs

July 3, 2026

Guardian Rewards – Vault12

July 2, 2026
Most Popular

Discover the Hidden Gems of ViaCoin: The Next Cryptocurrency? – DeFi information

February 3, 2024

Bitcoin ETF: What to Expect on Day 1

January 11, 2024

Ripple starts testing stablecoin RLUSD on XRP Ledger and Ethereum

August 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2026 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.