How Does Mining Create New Bitcoins?

in #bitcoin7 years ago (edited)

The main purpose of mining is to allow BTC nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce bitcoins into the system. Miners are paid transaction fees as well as a subsidy of newly created coins, namedimages.jpg block rewards. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system through mining.

Coin Marketplace

STEEM 0.22
TRX 0.26
JST 0.040
BTC 98487.39
ETH 3469.86
USDT 1.00
SBD 3.23