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

Try to win on Great Game Rockies slots

June 18, 2026

The Federal Reserve paused interest rate cuts after Bitcoin fell below $88,000.

June 12, 2026

What are the next steps for HYPE June token unlock?

June 6, 2026
Add A Comment

Comments are closed.

Recent Posts

the chart vs the story

June 21, 2026

Videos and Podcasts | Vault12

June 20, 2026

Stratosphere, Pudgy Penguins and Streamex Host Founders will attend VIP Dinner during ETHConf 2026 and NYC Tech Week.

June 20, 2026

Cryptocurrency At Casinos -Why Vavada Is The Best Choice

June 20, 2026

SEC specifies rules for tokenized securities

June 19, 2026

PremiumBlock Launches Non-Custodial Risk Hub For User-Created Prediction Markets, Perps And Web3 Poker

June 19, 2026

Ethereum Quantum-Proof Account Offer Could Make Wallet Protection Cheaper

June 19, 2026

Try to win on Great Game Rockies slots

June 18, 2026

Bitmine Immersion Technologies Announces Cash Dividend Of $0.1056 Per Share Of 9.50% Series A Perpetual Preferred Stock

June 18, 2026

Bitcoin Price Flashing Buy Signal: The Same Signal Is Being Delivered

June 18, 2026

Stratosphere, Pudgy Penguins And Streamex Host Founders Table VIP Dinner During ETHConf 2026 And NYC Tech Week

June 18, 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

the chart vs the story

June 21, 2026

Videos and Podcasts | Vault12

June 20, 2026

Stratosphere, Pudgy Penguins and Streamex Host Founders will attend VIP Dinner during ETHConf 2026 and NYC Tech Week.

June 20, 2026
Most Popular

The judge approves the Sec-Binance Joint Motion to maintain the case.

February 14, 2025

Wave 1 and Devcon Ticketing

February 26, 2024

London Mainnet Announcement | Ethereum Foundation Blog

January 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.