CharmedFantasy
Tue Jun 11 2024
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5 answers
1153
How do crypto miners earn?
Could you kindly explain the process of how crypto miners earn their rewards? I'm quite curious about the intricacies involved in this aspect of cryptocurrency mining. Could you elaborate on the mechanisms and techniques miners use to secure the blockchain network and how they are compensated for their efforts? Additionally, I'm interested in understanding the factors that determine the profitability of mining and the challenges miners might face in this competitive industry. Thank you for shedding some light on this fascinating topic.
Filippo
Fri May 24 2024
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7 answers
1381
How do crypto miners get paid?
I'm quite curious about the mechanics of cryptocurrency mining. Could you please explain how crypto miners actually get paid for their efforts? I've heard about block rewards and transaction fees, but how do they specifically work in the system? Do miners have a direct financial relationship with the cryptocurrency network, or is there an intermediary involved? Also, are there any factors that determine the amount miners receive for their mining activities? I'm eager to understand the economics behind this fascinating process.
