What Is Bitcoin Mining? How It Works and When It Pays Off
BTC when published $84,498Now $80,568 ▼ −4.65% since it was published
Select what genuinely interests you. Your picks feed directly into our editorial planning. Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam. Bitcoin mining is the process that adds new blocks to the Bitcoin blockchain and issues new bitcoin. Specialised machines known as ASIC miners try trillions of random numbers per second until a block produces a hash below the target set by the network. Whoever succeeds first collects a block reward of 3.125 BTC, the amount in force since the halving of April 20, 2024, plus the transaction fees in that block. Whether mining pays off in Germany comes down almost entirely to the price of electricity: a current Antminer S21 XP only covers its power bill below roughly 10.4 cents per kilowatt…
First reported by CryptoTicker.io. This page is a short excerpt; the full text is theirs.
