Friday, November 25, 2022
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mining reward – Transaction blocks vs bitcoins

Sorry if this query is just too fundamental or if it has by some means been answered earlier than…

My understanding is that any sort of Bitcoin block have to be first mined, which applies to transaction confirmations, as an example.

Nonetheless, if each block have to be obtained from a mining effort, then for each block there’s a reward (presently) of 6.25 bitcoins.

So for a given transaction, it requires a variety of confirmations. If that transaction associated to the switch of 1 bitcoin from one particular person to a different, it could require further 6 affirmation blocks. Every of these affirmation blocks must be first mined. The miners could be granted 6.25 bitcoins for every of the transaction affirmation blocks.

In different phrases, there could be an exponential development of bitcoins only for the sake of making transaction blocks. And people bitcoins would in flip require extra blocks in order that they could possibly be traded/confirmed, which might lead to but extra bitcoins granted to the miners.

Can somebody please assist make clear? Am I lacking one thing slightly apparent?





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