Cryptocurrency Q&A
What is the bonus for mining Bitcoin?
What is the bonus for mining Bitcoin?
Elena
Tue Dec 17 2024
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7
answers
1537
I'm curious about the reward system in Bitcoin mining. Specifically, I want to know what kind of bonus or incentive miners receive for their efforts in validating transactions and adding new blocks to the Bitcoin blockchain.
7 answers
EchoSeeker
Thu Dec 19 2024
Miners who manage to add a block to the blockchain are rewarded with 3.125 bitcoins.
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GinsengGlory
Thu Dec 19 2024
This mechanism is designed to control the supply of bitcoins and maintain its value.
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Caterina
Thu Dec 19 2024
This reward is a significant incentive for miners to participate in the blockchain network.
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benjamin_doe_philosopher
Thu Dec 19 2024
The amount of reward is not static and undergoes periodic halving.
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Valentina
Thu Dec 19 2024
Approximately every four years, or after every 210,000 blocks are added, the reward is reduced by half.
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