Cryptocurrency Q&A
How is Bitcoin mining paid?
How is Bitcoin mining paid?
Michele
Wed Dec 18 2024
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6 answers
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I'm wondering about the payment structure of Bitcoin mining. How do miners get paid for their efforts in maintaining the Bitcoin network through mining?
6 answers
ShintoSpirit
Fri Dec 20 2024
This reward is not static and undergoes periodic adjustments.
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emma_anderson_scientist
Fri Dec 20 2024
Approximately every four years, the reward amount is halved.
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Lorenzo
Fri Dec 20 2024
The reduction in reward is a built-in mechanism to control the supply of bitcoins.
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CryptoPioneer
Fri Dec 20 2024
Miners have the opportunity to earn bitcoins by adding blocks to the blockchain.
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emma_lewis_pilot
Fri Dec 20 2024
Successfully adding a block to the blockchain results in a reward of 3.125 bitcoins.
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