Cryptocurrency Q&A
Can you make money from Bitcoin mining?
Can you make money from Bitcoin mining?
charlotte_anderson_explorer
Wed Nov 27 2024
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7 answers
1760
I'm wondering if it's possible to earn money through the process of Bitcoin mining. I've heard about people making profits from it, but I'm not sure how it works or if it's still a viable option.
7 answers
CharmedVoyager
Fri Nov 29 2024
Specifically, the reward is halved approximately every four years.
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CryptoMagician
Fri Nov 29 2024
Miners have the opportunity to earn rewards by contributing to the blockchain.
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CherryBlossomDancing
Fri Nov 29 2024
Alternatively, this reduction occurs every 210,000 blocks added to the blockchain.
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SamuraiCourage
Fri Nov 29 2024
In the context of October 2024, Bitcoin's trading price was approximately $62,001.
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KpopMelody
Fri Nov 29 2024
Successfully adding a block to the blockchain will result in a reward of 3.125 bitcoins.
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