Cryptocurrency Q&A
How are BTC miners paid?
How are BTC miners paid?
Alessandra
Sat Dec 21 2024
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6
answers
1247
I'm wondering about the payment system for BTC miners. How do they actually get paid for their mining efforts? Is it directly through BTC transactions or some other way?
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6 answers
CryptoProphet
Mon Dec 23 2024
Miners receive a reward when they successfully add a block to the blockchain.
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ShintoSanctuary
Mon Dec 23 2024
The reward amount for adding a block is 3.125 bitcoins.
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Starlight
Mon Dec 23 2024
This reward is given to incentivize miners to participate in the blockchain network.
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Riccardo
Mon Dec 23 2024
Over time, the reward amount is reduced to maintain the scarcity of bitcoins.
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Maria
Sun Dec 22 2024
Roughly every four years, or every 210,000 blocks, the reward amount is halved.
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