As part of Bitcoin's coin issuance, miners are rewarded a certain amount of bitcoins whenever a block is produced (approximately every 10 minutes). When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140). As of now, the block reward is 3.125 coins per block and will decrease to 1.5625 coins per block post halving.
Inscription number 76,433,878
Genesis block 864,743
File type text
File size 536 b
Creation date Oct 8,2024 11:17 am