Cryptocurrency Q&A
What is the bonus for mining Bitcoin?
What is the bonus for mining Bitcoin?
Elena
Tue Dec 17 2024
|
7 answers
1537
I'm curious about the reward system in Bitcoin mining. Specifically, I want to know what kind of bonus or incentive miners receive for their efforts in validating transactions and adding new blocks to the Bitcoin blockchain.
7 answers
EchoSeeker
Thu Dec 19 2024
Miners who manage to add a block to the blockchain are rewarded with 3.125 bitcoins.
Was this helpful?
372
39
GinsengGlory
Thu Dec 19 2024
This mechanism is designed to control the supply of bitcoins and maintain its value.
Was this helpful?
115
30
Caterina
Thu Dec 19 2024
This reward is a significant incentive for miners to participate in the blockchain network.
Was this helpful?
323
96
benjamin_doe_philosopher
Thu Dec 19 2024
The amount of reward is not static and undergoes periodic halving.
Was this helpful?
171
85
Valentina
Thu Dec 19 2024
Approximately every four years, or after every 210,000 blocks are added, the reward is reduced by half.
Was this helpful?
44
98
Load 5 more related questions
