How Bitcoin miners get rewarded for solving a block.

How Bitcoin miners get rewarded for solving a block.

232,863 View

Publish Date:
14 January, 2024
Category:
Data Mining
Video License
Standard License
Imported From:
Youtube

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!