Bitcoin Mining Rewards

The 2020 Bitcoin halvening

Per the rules set out in the Bitcoin whitepaper, the block confirmation subsidy (or reward) halves every 210,000 blocks. That’s generally every four years, and the next is estimated to happen on 14th May 2020. Originally 50 BTC per block, it dropped to 25 in 2012 and to 12.5 BTC in 2016. After May 2020, […]

Understanding Bitcoin Mining Rewards

Each day, many untold thousand watts of electricity are committed towards bitcoin mining. People mine bitcoin because they hope to earn bitcoin, which has value and can be bought and sold in various markets. Without going into too much detail, mining is the process by which the network is secured and transactions are processed. In […]

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