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Title: Where do mining rewards come from? Post by: Herdirfauzi on May 11, 2020, 10:47:58 PM Hi, guys! Just never was into mining, and now want to learn more.
Title: Re: Where do mining rewards come from? Post by: boyptc on May 12, 2020, 08:53:23 AM Read this for bitcoin mining.
--> https://bitcointalk.org/index.php?topic=2415854.0 Title: Re: Where do mining rewards come from? Post by: R3x on May 13, 2020, 05:37:25 PM miners are rewarded new bitcoins every 10 minutes.
The role of miners is to secure the network and to process every Bitcoin transaction. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin’s famous “blockchain”). For this service, miners are rewarded with newly-created Bitcoins and transaction fees. The issuance rate is set in the code, so miners cannot cheat the system or create bitcoins out of thin air. They have to use their computing power to generate new bitcoins. Title: Re: Where do mining rewards come from? Post by: xhomerx10 on May 13, 2020, 05:45:51 PM Hi, guys! Just never was into mining, and now want to learn more. There are fees attached to each transaction. The miner who links the block into the blockchain gets those as well as the newly minted coins. Title: Re: Where do mining rewards come from? Post by: sportclub2010 on April 16, 2021, 08:47:50 PM Hi, guys! Just never was into mining, and now want to learn more. In simple terms, it looks like this. You lease your computer to the system for use, and it pays you interest for this use. The more powerful your computer and the faster the internet, the more rewards you get. Title: Re: Where do mining rewards come from? Post by: odolvlobo on April 17, 2021, 02:56:55 AM Quote Where do mining rewards come from? reward = subsidy + fees The value of the subsidy follows a fixed schedule. It is currently 6.25 BTC. The subsidy is halved approximately every 4 years. The subsidy's bitcoins are created as a part of the block. That is, they come from nothing. The fees are paid by the transactions. Title: Re: Where do mining rewards come from? Post by: acener on April 17, 2021, 10:27:30 AM Base on my perspective those rewards came from the transaction fee that we are paying.
And also the BTC that hasn't been mined before so it is either those clean BTC or the transaction fee that is being paid by the users. Title: Re: Where do mining rewards come from? Post by: cabron on April 17, 2021, 10:32:37 AM Its intended for miners. Miners are the ones creating new BTC that they call "virgin coins" and where does it come from is that the max supply of BTC is 21M which right now we only have 18,684,837 BTC yet in circulation which means there are still 3M coins to mine. When all are mined, the miners can only be paid in processing transactions, and no new BTC creation by that time. |