How Does Mining Create New Bitcoins?

in bitcoin •  7 years ago  (edited)

The main purpose of mining is to allow BTC nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce bitcoins into the system. Miners are paid transaction fees as well as a subsidy of newly created coins, namedimages.jpg block rewards. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system through mining.

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7 years ago by

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      ·  7 years ago 

    Thank you for this useful post

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

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