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How to prove Bitcoin earn though Mining Operation ?

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azb1

Entrepreneur
If I want to liquated bulk bitcoin, How to prove that bitcoin is earn by Mining.
If blockchain have information about all adddresses.

Sorry for ignorance in Advance.

Thanks
 

thunderfrog33

New member
How to prove that bitcoin is earn by Mining.
If blockchain have information about all adddresses.

What kind of proof are you looking for? You can use any free online block explorer to see when and how many transactions back the coins were mined.

If you didn't mine the coins, there's no way to "prove" that you mined them as bitcoin history can't be changed.
 

Admin

Forum Moderator
Staff member
This is an very interesting discussion.

That mean if Exchange A ask for proof of where the coins are coming from and you tell them they come from Wallet X then they will be able to check if that is true?

If Wallet X has received the coins from Wallet Y and has never been verified what then?
 

John Spectre

Active Member
1. You show your account logs with mining pool.
2. You show transactions with payout from pool to your wallet.
3. You show transactions from your wallet to the exchange or OTC.
4. You show invoices how you obtain mining hardware and probably bills fot electricity.

It recreate all traces and prove that you own crypto from mining. It is suitable for exchanges and banks for SoF as a mining crypto.
 

azb1

Entrepreneur
This is an very interesting discussion.

That mean if Exchange A ask for proof of where the coins are coming from and you tell them they come from Wallet X then they will be able to check if that is true?

If Wallet X has received the coins from Wallet Y and has never been verified what then?

I find here Each block 6.25 Per address.
So If I mine in a pool. How does the exchange know that bitcoin is newly generated?

Please some expert looks into it and Guide us.


Thanks
 

John Spectre

Active Member

I find here Each block 6.25 Per address.
So If I mine in a pool. How does the exchange know that bitcoin is newly generated?

Please some expert looks into it and Guide us.


Thanks
You will receive payouts directly from pool wallet.
So, your wallet will be traced with payout of public wallet of some pool.
 

kurwo2f9hofak

New member
As others have pointed out, unless you deliberately mix your coins or mine a currency like Monero, everyone can easily see that your coins come from a recent block reward.
 
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