3 ms·
So miners are pulling 12.5 * ~$11,555 = ~$144,437 every 10 minutes ? Sweet.
by TheGrassyKnoll 9y ago
So miners are pulling 12.5 * ~$11,555 = ~$144,437 every 10 minutes ?
Sweet.
- Xophmeister 9y agoOne miner is (currently) rewarded with 12.5BTC when they mine a block before any of the other miners; minus the expense of the energy used in mining that block plus all the other blocks which they were unsuccessful in mining before everyone else (i.e., wasted effort). Hence the race for more efficient hashing hardware, to be the one who wins that reward before anyone else, without it costing them more than what they invested.