Comment
Author: Admin | 2025-04-28
Why Bitcoin Mining Thrives Despite Halving: The Secret to Its LongevitySince March 2024, Bitcoin has been trading sideways. Despite the high expectations following the halving in April, the market has remained stagnant, leaving many investors feeling weary. At this juncture, it’s essential to understand why Bitcoin mining remains crucial and how it continues to function even as block rewards decrease. In this post, I’ll dive into Bitcoin mining, explaining what it is, how it works, and why miners keep investing in it despite diminishing returns. We’ll break down the process and highlight its importance in maintaining the Bitcoin network. Let’s make it simple and easy to understand.What is Bitcoin Mining?Bitcoin mining is the process of creating new Bitcoin by solving complex math problems with computers. Miners provide a service by grouping transaction data into blocks and adding these blocks to the Bitcoin blockchain. This process secures the network and ensures all transactions are valid. In return, miners receive a reward in the form of new Bitcoin. Currently, the reward is 3.125 Bitcoin per block, and a new block is added approximately every 10 minutes.How Do Miners Earn Money?
Add Comment