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

Announcing the world’s first regulated, tokenized stock perpetual futures using xStocks

February 24, 2026

Why Wall Street is starting to take prediction markets seriously

February 18, 2026

transaction – How to programmatically determine which Tx consumed an OutPoint

February 12, 2026
Add A Comment

Comments are closed.

Recent Posts

$150,000 ClickOptions Demo Trading Championship Launched

February 25, 2026

Announcing the world’s first regulated, tokenized stock perpetual futures using xStocks

February 24, 2026

Gem Wallet – Best Crypto Wallet For 2026

February 24, 2026

LUKSO, Monerium and IPOR at Wake Arena

February 24, 2026

Bitcoin is expected to hit $60,000 as Kraken VP warns of tariff-induced decline.

February 24, 2026

The Strategic Evolution Of The IPL Win Game And Its Echo In Italy

February 23, 2026

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.423 Million Tokens, And Total Crypto And Total Cash Holdings Of $9.6 Billion

February 23, 2026

KuCoin EU expands local compliance and governance team in Austria

February 23, 2026

Crypto Gambling On Reddit – What Users Recommend Most Often

February 23, 2026

Could the Ethereum 2026 Roadmap Help Price Recovery?

February 23, 2026

BNB holders gained 177% in 15 months through Binance Rewards Program.

February 23, 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

$150,000 ClickOptions Demo Trading Championship Launched

February 25, 2026

Announcing the world’s first regulated, tokenized stock perpetual futures using xStocks

February 24, 2026

Gem Wallet – Best Crypto Wallet For 2026

February 24, 2026
Most Popular

$147 million withdrawn from global cryptocurrency fund, ending 3rd consecutive week of inflows: CoinShares

October 7, 2024

BNB, AAVE, XMR and VIRTUAL are still going strong.

December 29, 2024

The Bank of Japan has announced an increase in the highest level of 17 years. The encryption market reaction is as follows.

January 26, 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.