Bitcoin Forum
January 17, 2018, 08:36:12 PM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: From where those bitcoin came when mining?  (Read 184 times)
marjon
Member
**
Offline Offline

Activity: 84

Crypto enthusiasts


View Profile WWW
November 10, 2017, 10:32:27 AM
 #1

Beyond my curiosity, I'm really confused where those bitcoin came from when mining Undecided

▬▬▬▬▬▬▬ SNAPCITY ▬▬▬▬▬▬▬
▬▬▬▬▬▬▬ Geo-location adventure game ▬▬▬▬▬▬▬
▄▄▄▄▄▄▄▄▄█▄▄▄ TOKENSALE   ❱ ❱  ANN   ❱ ❰  BOUNTY ▄▄▄█▄▄▄▄▄▄▄▄▄
1516221372
Hero Member
*
Offline Offline

Posts: 1516221372

View Profile Personal Message (Offline)

Ignore
1516221372
Reply with quote  #2

1516221372
Report to moderator
1516221372
Hero Member
*
Offline Offline

Posts: 1516221372

View Profile Personal Message (Offline)

Ignore
1516221372
Reply with quote  #2

1516221372
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516221372
Hero Member
*
Offline Offline

Posts: 1516221372

View Profile Personal Message (Offline)

Ignore
1516221372
Reply with quote  #2

1516221372
Report to moderator
peterbom
Jr. Member
*
Offline Offline

Activity: 35


View Profile
November 10, 2017, 11:40:04 AM
 #2

It's very simple.Although individual bitcoins enter the Bitcoin economy as miners are rewarded for processing transactions, it's much more helpful to think of all 21 million bitcoins as having been created when Satoshi Nakamoto defined the Bitcoin protocol and launched the Bitcoin network in 2009.

The reason for this is that the Bitcoin protocol specifically defines and controls when and how a limited total number of coins are rewarded to miners for the job of securing the Bitcoin network. These "bitcoins" are really just mathematical tokens which are very carefully controlled by the network protocol to prevent counterfeiting, theft, etc.
marjon
Member
**
Offline Offline

Activity: 84

Crypto enthusiasts


View Profile WWW
November 10, 2017, 01:07:42 PM
 #3

It's very simple.Although individual bitcoins enter the Bitcoin economy as miners are rewarded for processing transactions, it's much more helpful to think of all 21 million bitcoins as having been created when Satoshi Nakamoto defined the Bitcoin protocol and launched the Bitcoin network in 2009.

The reason for this is that the Bitcoin protocol specifically defines and controls when and how a limited total number of coins are rewarded to miners for the job of securing the Bitcoin network. These "bitcoins" are really just mathematical tokens which are very carefully controlled by the network protocol to prevent counterfeiting, theft, etc.

I see, thanks bro I thought those mined bitcoins also came from lost bitcoins from inactive holders/owners.

▬▬▬▬▬▬▬ SNAPCITY ▬▬▬▬▬▬▬
▬▬▬▬▬▬▬ Geo-location adventure game ▬▬▬▬▬▬▬
▄▄▄▄▄▄▄▄▄█▄▄▄ TOKENSALE   ❱ ❱  ANN   ❱ ❰  BOUNTY ▄▄▄█▄▄▄▄▄▄▄▄▄
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!