What is bitcoin miner?

Generate bitcoin with Bitcoin Miner, the free easy-to-use Bitcoin miner! Let your computer work for you earning Bitcoin, which can be exchanged for real-world currency! Works great at home, work, or on the go. Download Bitcoin Miner and start earning Bitcoin today! Payouts are automatically issued every week to accounts with at least 5000 Satoshis.

Why is bitcoin mining needed?

Bitcoin mining is an essential component of the network's system for arriving at consensus as to the current state of the ledger. It is central to enabling people to securely make Bitcoin transactions. The Bitcoin network is a globally distributed public ledger consisting of a giant list of timestamped transactions.

When will the final bitcoin be mined?

In actuality, the final bitcoin is unlikely to be mined until around the year 2140. However, it's possible that the Bitcoin network protocol will be changed between now and then. The Bitcoin mining process provides Bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens.

What will happen to miners when the bitcoin supplyreaches 21 million?

Some detractors of the protocol claim that miners will be forced away from the block rewards they receive for their work once the bitcoin supply has reached 21 million in circulation. But even when the last bitcoin has been produced, miners will likely continue to actively and competitively participate and validate new transactions.