Block mining reward for POW https://twetch.com/t/1ebf92b572…
Block mining reward for POW
https://twetch.com/t/1ebf92b5723dba18b882073de3807c74ba11fca9317ed11109db98e811df0cb3
Replies
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
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
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?