You are viewing a single comment's thread from:

RE: Steemit explained ► How does the reward system work?!

in #rewards7 years ago

"...the blockchain doesnt pay the miners who generate the coins."

According to the whitepages, this is incorrect. Miners are paid in SP after 1 month. It's more complicated, of course, when you get into how it relates to being a Witness and such, but ultimately, yes, they do get paid to mine, just not in the traditional way other cryptocurrencies have done.

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.028
BTC 55838.64
ETH 2285.93
USDT 1.00
SBD 2.33