How Bitcoin Miners Are Rewarded for Solving a Block
This article explains the process by which Bitcoin and cryptocurrency miners receive compensation for successfully solving a block, including details on transaction fees and block rewards when the transaction pool is nearly full.
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How do Bitcoin and cryptocurrency miners get paid for solving a block?
When the transaction pool gets close to the maximum number of transactions, the miner adds a reward to himself in the last transaction. If the miner solves the block, the reward is conjured out of thin air.
It's literally money out of nothing!
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Published
Feb 4, 2022
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hd
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