Ethereum: Understanding the daily reward of bitcoin
Since its inception in 2015, Ethereum, also known as Ethereum Blockchain, has been a driving force in the development of decentralized applications (DAPPS) and intelligent contracts. One of the key aspects that distinguish Ethereum from other kryptomen. A mechanism that allows the creation of a global Peer-to-peer network.
The core of this mechanism lies a reward system for miners responsible for confirming transactions to blockchain. The remuneration system was designed to motivate miners to contribute their calculation energy and energy sources to ensure the network and maintain its integrity.
Daily Remuneration Cycle
The block is generated every 10 minutes with specialized nodes called miners that use complex algorithms to verify transactions and create new blocks. Each block contains a unique code known as the “block hash” that serves as a finger digital fingerprint for the entire block. The remuneration system is designed by changing regularly, with a half -half remuneration of approximately 32 times.
To understand the daily reward of bitcoin (BTC), let’s take a closer look at how this process works:
* Block Generation : Generating each block takes approximately 10 minutes.
* Validation of transactions : Miniters verify transactions and create new blocks by solving complex mathematical puzzles.
* Half of the Remuneration
: Half remuneration system approximately every 32 times, which means that the number of bitcoins granted to create a new block is exponentially reducing.
Approximate calculation of daily reward
Let’s make a few gross calculations to estimate the daily remuneration:
Assuming that the average period of 10 -minute generation and half rate of remuneration every 32 blocks (approximately once a week), we can calculate the following:
- Block formation period: 10 minutes
- Hash block to block: Hash 256-bit value (usually used 128-bit hash)
- Frequency in half of remuneration: every 32 blocks
- Total number of blocks per day: approximately 4000 blocks per day (based on the 10-minute block formation period and 8.57 hours per day)
We will now calculate the approximate daily reward:
Total reward for block \* block hash per block ≈ 16.67 BTC
Because we have 4,000 blocks per day, the total daily reward would be approximately 66.68 BTC.
at the end
The daily reward of bitcoin is a unique aspect of its consensual mechanism and a system of remuneration. Although this process may seem complicated, it is necessary to understand how the frequency in half the remuneration affects the performance and safety of the overall network. When Ethereum continues to develop, understanding these concepts will help you appreciate the complexity of Blockchain technology.
By grasping the basic mechanics of cryptocurrency rewards, such as bitcoin, you will be better equipped to make informed decisions about your investments and participate in this exciting space.
