DeutschBitcoin mining is the process by which new Bitcoins are created on the network and transactions are carried out. Miners provide their computing power both for processing blockchain transactions and for securing the decentralized system. In return, they receive rewards in BTC.
How much Do Bitcoin Miners Earn?
The amount of the reward depends on which block the Bitcoin protocol is currently in. Initially, Bitcoin miners received 50 Bitcoins per block. However, every 210,000 blocks, the reward is halved due to the so-called Bitcoin halving. Currently, the reward amounts to 6.25 Bitcoins per block
Is Bitcoin Mining Harmful to the Environment?
The Bitcoin protocol relies on the Proof-of-Work consensus algorithm. This is very energy-intensive, but Bitcoin mining centers are increasingly relying on renewable energies and mainly use surplus electricity that would otherwise be released back into the environment.
