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Ftx coinbase | Sometime around , there will be no more bitcoin rewarded. December The bitcoin reward that miners receive is an incentive that motivates people to assist in the primary purpose of mining: to legitimize and monitor Bitcoin transactions, ensuring their validity. As mentioned, Bitcoin mining, and mining in general, is a financial risk because one could go through all the effort of purchasing hundreds or thousands of dollars worth of mining equipment only to have no return on their investment. Participants with a small percentage of the mining power stand a very small chance of discovering the next block alone. Blockchain "mining" is a metaphor for the computational work that network nodes undertake to validate the information contained in blocks. |
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