I'm curious about how crypto mining generates income. I want to understand the mechanism behind it and how miners are compensated for their efforts in maintaining the blockchain through mining.
5 answers
Andrea
Sat Dec 21 2024
Miners play a crucial role in the blockchain ecosystem by verifying each block.
Chiara
Fri Dec 20 2024
These rewards are sourced from transaction fees and the minting of new Bitcoin.
LucyStone
Fri Dec 20 2024
After thorough examination and confirmation, miners integrate the block into the blockchain.
EthereumEmpress
Fri Dec 20 2024
This process contributes to the security and stability of the entire network.
Valentina
Fri Dec 20 2024
As an incentive for their efforts, miners receive Bitcoin rewards.