Block mining reward for POW https://twetch.com/t/1ebf92b572…

Twetch ·

Block mining reward for POW
https://twetch.com/t/1ebf92b5723dba18b882073de3807c74ba11fca9317ed11109db98e811df0cb3

Replies

Twetch ·

I don't even know what that is. What do they get for it, and what is the actual proof of work? Who pays the reward? I'm legit smoothbrain but I love this shit so I should prolly learn, or just @0 more

Twetch ·

There is probably someone way more technical than me that can answer this. Although my interpretation would be a Bitcoin block is mined approximately every 10 minutes and the miner who solves the hash puzzle is awarded a block reward subsidy (out of the 21 million) and records the data within the mined block on the bitcoin blockchain. They are getting paid for continuing the chain

Twetch ·

Who holds all of the mined blocks? I know we don't all have the 19M coins in circulation. At least my broke ass doesn't. Hey @292 , where do the mined coins go after they're mined?