Ryan McBeth
Ryan McBeth
@RyanMcBethProgramming·1.1M subscribers·1.8K videos

How Bitcoin miners get rewarded for solving a block.

Posted

February 4, 2022

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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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How Bitcoin miners get rewarded for solving a block. · Ryan McBeth · Sentinel