How does Bitcoin mining works....

Bitcoin’s mining block reward is currently 6.25 Bitcoins per block. Roughly 144 blocks are mined in a day, releasing ~900 Bitcoins to miners every day.

Every 210,000 blocks mined, the reward automatically gets cut in half. In 2024, the reward will decrease to just 3.125 Bitcoins per block•These events are referred to as the “halving,” which have historically been known to be bullish (rising prices) for Bitcoin.The system is dependent on miners in order to process transactions, or create blocks, that will be added to the blockchain.

Bitcoin mining is a formula set up for success. Bitcoin needs miners, and miners want bitcoin. Everyone wish...