Bitcoin block reward 2018

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In order to maintain a rewards and no more new.

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What is the block reward in Bitcoin and why is the reward so big?
After every , blocks mined, the block reward is halved. This event occurs about once every 4 years and is called "halving". If you want to. When pseudonymous creator Satoshi Nakamoto released bitcoin in January , each block generated a reward of 50 BTC. On 28th November, In May , the block reward paid to miners will be halved from BTC to BTC per block. � The block reward reduction has previously.

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Image via Shutterstock. Since switching to a reward structure solely based on transaction fees would be a huge blow to miners�they would only earn just 6. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. Bitcoin mining is the process by which people use computers or mining hardware to participate in Bitcoin's blockchain network as a transaction processor and validator.