Cryptocurrency Q&A
How do you get paid for Bitcoin mining?
How do you get paid for Bitcoin mining?
Eleonora
Thu Dec 19 2024
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5 answers
692
I'm interested in Bitcoin mining and want to understand how the payment works. Specifically, how do miners receive payment for their efforts in validating transactions and adding blocks to the Bitcoin blockchain?
5 answers
Luca
Fri Dec 20 2024
Miners have the opportunity to earn bitcoins by adding blocks to the blockchain.
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CryptoTamer
Fri Dec 20 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services.
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CryptoLordess
Fri Dec 20 2024
Successfully adding a block to the blockchain results in a reward of 3.125 bitcoins.
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Alessandra
Fri Dec 20 2024
This reward amount is not static and undergoes periodic adjustments.
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CharmedEcho
Fri Dec 20 2024
Approximately every four years, or after every 210,000 blocks have been added, the reward amount is halved.
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