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

Best altcoins to buy as Bitcoin struggles below $85,000 after massive liquidations

April 7, 2026

Stablecoin expansion for DeFi users

April 1, 2026

Bitmine Crypto Strategy Tracking: How much Bitcoin and Ethereum does the company hold?

March 26, 2026
Add A Comment

Comments are closed.

Recent Posts

Dogecoin Price Analysis: Rally Attempt to Seek Profit in the Form of a Breakout Setup

April 11, 2026

There is a 60% chance that the price of Ethereum will fall to $1,500, raising concerns about the market structure.

April 10, 2026

Bitcoin fails at $70K as Bears regain control.

April 10, 2026

Cryptocurrency Inheritance Update: March 2026

April 9, 2026

Enhanced Secures $1M In Strategic Pre-Seed Funding To Bring Structured Yield To More Assets Onchain

April 9, 2026

Phemex TradFi Crude Oil Trading Surges 300% As Ceasefire Volatility Sparks Record Demand

April 9, 2026

Meta is using Reels’ creator tools and AI to drive deeper into social commerce.

April 9, 2026

Crypto Airdrops -How To Spot Opportunities And Maximize Rewards

April 9, 2026

SHIB & DOGE Fetch 5%: Is a Big Triangle Breakout Coming?

April 9, 2026

Cango Inc. Announces March 2026 Operational Update; Strategically Optimizing Mining Fleet And Improving Production Economics

April 9, 2026

Wirex And Utorg Bring Seamless Crypto-to-Card Spending To 2M+ Users Worldwide

April 8, 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

Dogecoin Price Analysis: Rally Attempt to Seek Profit in the Form of a Breakout Setup

April 11, 2026

There is a 60% chance that the price of Ethereum will fall to $1,500, raising concerns about the market structure.

April 10, 2026

Bitcoin fails at $70K as Bears regain control.

April 10, 2026
Most Popular

Vitalk Buterin drafts EIP-7702 to strengthen externally owned accounts

May 8, 2024

The spot Ethereum ETF is expected to begin trading on July 2. Could this push ETH to $10,000?

June 20, 2024

Cointel Raises $7.4M In Strategic Round Led By Avalanche And Sugafam Inc.

August 20, 2025
  • 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.