Answer: Miners are rewarded with newly created bitcoins, and this reward halves every four years.
The process of creating a new bitcoin is called “mining.” Miners are rewarded with newly created bitcoins, and this reward halves every four years. This halving process will continue until around the year 2140 when bitcoin production will reach a total of 21 million.
Answer:
Bitcoin is created through a process called “mining“. Miners are rewarded with bitcoin for verifying and committing transactions to the blockchain. Bitcoin can be mined on a home computer or in a mining pool.