Cryptocurrency Q&A
How do miners make money?
How do miners make money?
KatanaGlory
Thu Nov 28 2024
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6 answers
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I am wondering how miners, those who work in mining, actually earn their money. I know they extract resources like coal, gold, or other minerals from the earth, but how does this translate into profit for them?
6 answers
TaegeukChampionship
Sat Nov 30 2024
Miners play a crucial role in the blockchain ecosystem by verifying each block.
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CryptoElite
Sat Nov 30 2024
Their task is to ensure the authenticity and accuracy of the data contained within.
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Sara
Fri Nov 29 2024
These rewards are sourced from transaction fees and the creation of new Bitcoin.
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Sara
Fri Nov 29 2024
Once a block is confirmed to be valid, miners proceed to add it to the blockchain.
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SsangyongSpiritedStrengthCourage
Fri Nov 29 2024
This process helps maintain the integrity and security of the entire network.
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