Cryptocurrency Q&A
What is the reward of 1 Bitcoin block?
What is the reward of 1 Bitcoin block?
IncheonBeautyBloom
Fri Oct 25 2024
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7
answers
1502
I am curious to know what kind of reward one can earn by mining a Bitcoin block. Specifically, how much Bitcoin can be obtained from mining a single block?
7 answers
CharmedEcho
Sun Oct 27 2024
The payout for a miner who successfully validates a block varies based on the specific blockchain they are mining.
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Tommaso
Sun Oct 27 2024
In the case of Bitcoin, the block reward currently stands at 3.125 bitcoins.
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CryptoNinja
Sat Oct 26 2024
Alongside this fixed reward, miners also earn additional income from mining fees.
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SeoulSerenitySeekerPeaceLover
Sat Oct 26 2024
By doing so, the halving helps to maintain a stable and predictable inflation rate for Bitcoin.
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SumoPower
Sat Oct 26 2024
The block reward for Bitcoin undergoes a process known as halving.
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