How it Works

For the Bitcoin miners to perform the verification tests, two things need to happen:

At least 1 megabyte (MB) must be verified by the value of the transactions, which can theoretically be as small as one transaction, but are often several thousand, depending on the amount of data stored by each transaction. This is the easiest step.
In order to add a transaction block to Blockchain, the miners must solve a complex computational math problem, also called “work test.” What are they trying to do is getting to the hash that is less than or equal to the destination hash.

Basically rows of mining computers hashes at speeds of megahashes per second (MH/s), gigahashes per second (GH/s), or even terahashes per second (TH/s) depending on the unit, divining possible 64- digit numbers until they reach a solution.

It’s practically a game of chance: the difficulty level is adjusted every 2016 blocks or roughly every two weeks to keep steady rates of mining. I.e., the more miners are no longer competing for a solution, the harder will be to solve the problem. The opposite is also true. If the computation power of the network is retired, it will be adjusted to a lower difficulty to make the extraction easier.

As compensation for their efforts, bitcoin miners are awarded each time a new transaction block is added to the Blockchain. The amount of new bitcoin released with each extracted block is called the “reward block.” The reward block is halved every 210,000 blocks or roughly every four years. In 2009, it was 50. In 2013, it was 25. In 2018, it was 12.5, and at some point in the middle of 2020, it will be halved to 6.25.

Pool Rewards

Explore our tools

Portfolio
Crypto Backtesting
News
Whales Transactions
Rich Address Balance
Crypto Performance

Top 10 Performance

DOGE	+0.46%	News
USDC	+0.09%	News
USDT	+0.02%	News
BTC	-0.06%	News
ETH	-0.76%	News
STETH	-0.79%	News
SOL	-1.93%	News
BNB	-2.09%	News
ADA	-3.06%	News
XRP	-3.09%	News
View more

BTC

99869$

-0.06%

ETH

3974.92$

-0.76%

XRP

2.51$

-3.09%

USDT

1.001$

+0.02%

SOL

234.47$

-1.93%

BNB

735.36$

-2.09%

DOGE

0.457617$

+0.46%

ADA

1.18$

-3.06%

USDC

1.001$

+0.09%

STETH

3971.66$

-0.79%

TRX

0.317153$

-1.35%

AVAX

53.73$

+3.99%

SHIB

3.147E-5$

-1.47%

TON

6.78$

-0.73%

WSTETH

4726.47$

-0.47%

LINK

26.51$

+6.18%

DOT

10.25$

-4.54%

XLM

0.47973$

-3.31%

WBTC

99630$

+0.09%

HBAR

0.320836$

-4.55%

SUI

4.17$

-3.33%

BCH

615.65$

+0.90%

UNI

18.6$

+1.88%

PEPE

2.633E-5$

+6.72%

WETH

3980.42$

-0.60%

LTC

132.56$

-1.19%

NEAR

7.69$

-0.97%

LEO

9.19$

-3.04%

APT

14.29$

-1.90%

WEETH

4195.73$

-0.63%

ICP

14.36$

-2.91%

POL

0.692398$

-1.21%

USDE

1.003$

+0.12%

ETC

36.39$

-2.89%

VET

0.066865$

-0.67%

CRO

0.197858$

-2.72%

USDS

1.003$

+0.35%

FET

2.02$

-3.09%

TAO

710.61$

+0.91%

RENDER

10.14$

-2.54%

FIL

7.8$

-1.47%

KAS

0.186859$

+0.69%

ARB

1.15$

-2.52%

HYPE

14.08$

+1.92%

AAVE

280.01$

-1.63%

MNT

1.23$

+6.20%

ALGO

0.48488$

-5.73%

XMR

216.82$

+7.34%

STX

2.66$

+0.19%

4.19$

+4.06%

ATOM

10.03$

-1.72%

BGB

2.68$

-1.00%

FTM

1.31$

-0.79%

TIA

8.24$

-3.37%

WIF

3.65$

-5.29%

WBT

24.98$

-0.60%

OKB

59.28$

-0.81%

DAI

1.001$

+0.10%

IMX

2.04$

-1.53%

BONK

4.522E-5$

-2.15%

2.65$

-1.59%

INJ

32.83$

-1.03%

GRT

0.31751$

-2.60%

THETA

3.01$

-1.34%

ENA

1.012$

-5.37%

WLD

3.71$

-2.66%

SEI

0.677658$

-3.34%

RUNE

7.44$

+3.87%

SOS

2.47$

-3.66%

FLOKI

0.00025695$

-0.70%

GALA

0.059454$

-1.65%

WETH

3976.63$

-0.76%

JASMY

0.04902007$

-0.74%

ONDO

1.66$

-1.01%

QNT

158.96$

-4.17%

SAND

0.895015$

-4.71%

CBBTC

99814$

-0.01%

BRETT

0.20785$

-1.42%

RETH

4457.8$

-0.73%

MKR

2214.34$

+1.74%

EOS

1.29$

-4.02%

LDO

2.15$

-1.15%

BEAM

0.03577812$

+6.23%

DYDX

2.63$

+8.29%

KAIA

0.316746$

-0.56%

METH

4179.13$

-0.72%

FDUSD

0.999625$

-0.08%

PYTH

0.50479$

-3.72%

JUP

1.32$

-4.14%

FLOW

1.14$

-0.95%

XTZ

1.72$

-5.68%

FLR

0.03179785$

-1.22%

STRK

0.767274$

-1.03%

26.23$

-3.63%

VIRTUAL

1.68$

+0.14%

RSETH

4076.8$

-1.31%

KCS

13.69$

+0.26%

12.95$

-1.60%

IOTA

0.457019$

-5.33%

EZETH

4090.23$

-0.65%

STAU

0.158081$

+0.37%

BSV

78.58$

-0.62%

AERO

2.17$

-1.41%

EGLD

55.3$

+2.49%

HNT

8.72$

-2.98%

SOLVBTC

99461$

-0.15%

BTT

1.54E-6$

-0.14%

NEO

20.93$

-1.65%

CRV

1.18$

-1.46%

MOG

3.74E-6$

-2.37%

POPCAT

1.49$

-2.81%

AXS

9.32$

-1.25%

RAY

4.93$

-2.79%

PNUT

1.43$

-1.08%

CORE

1.51$

-4.24%

TKX

17.04$

-4.84%

APE

1.89$

-1.42%

MANA

0.729588$

-4.61%

MATIC

0.691903$

-1.32%

XDC

0.090568$

-5.11%

ENS

40.56$

-2.63%

AIOZ

1.13$

-2.75%

MSOL

290.95$

-2.05%

CAKE

4.15$

+0.48%

LBTC

100058$

+0.48%

ETHDYDX

2.64$

+8.47%

CHZ

0.128559$

-0.86%

CFX

0.247026$

-2.34%

ZEC

73.93$

+3.63%

BNSOL

239.09$

-1.93%

EETH

3969.05$

-0.62%

SNX

3.36$

+4.93%

AKT

4.52$

-2.33%

CMETH

4176.5$

-0.75%

MINA

0.926159$

-2.37%

PENDLE

6.64$

-2.52%

FTN

3.25$

+1.64%

0.381598$

-3.90%

XEC

5.304E-5$

-0.20%

COMP

117.94$

-3.06%

SOLVBTC.BBN

99248$

-0.13%

JTO

3.8$

-2.27%

EIGEN

4.77$

+6.39%

ORDI

47.9$

-2.19%

NOT

0.00976489$

-1.61%

NEXO

1.52$

-0.12%

JUPSOL

249.21$

-1.82%

AMP

0.01205204$

+12.19%

SUPER

2.13$

+11.37%

DOG

0.00961692$

+13.54%

DOGE

0.458337$

+0.84%

RSR

0.01768878$

-1.01%

WBTC

99686$

+0.04%

0.249871$

-4.66%

WETH

3978.49$

-0.65%

AXL

1.018$

-2.38%

LUNC

0.00015983$

-2.88%

ROSE

0.129993$

-3.12%

WETH

3980.22$

-0.64%

MEW

0.00964532$

-1.02%

RON

2.29$

-0.54%

BLUR

0.40697$

-3.05%

1INCH

0.598353$

+11.16%

NEIRO

0.00186055$

-2.13%

TURBO

0.01127134$

+5.29%

GNO

299.55$

+0.76%

PRIME

15.07$

-2.54%

CKB

0.01677721$

-0.91%

KAVA

0.704734$

-0.20%

SAFE

1.48$

-2.44%

ARKM

2.4$

-1.72%

LPT

20.67$

-6.43%

USDD

0.998521$

-0.14%

GRASS

2.99$

+2.40%

GOAT

0.724622$

-8.00%

CBETH

4313.69$

-0.67%

ZRO

6.49$

-4.10%

KSM

44.85$

-2.11%

BOME

0.01022185$

-3.95%

DASH

57.67$

-3.73%

BABYDOGE

4.118E-9$

+0.56%

SUPEROETHB

3966.87$

-1.06%

HOT

0.0037528$

-2.74%

NFT

6.6662E-7$

-0.84%

ZIL

0.03422235$

-1.76%

SPX

0.702348$

-3.38%

XAUT

2642.69$

+0.10%

CTC

1.58$

-2.41%

BTG

37.16$

+0.21%

FRAX

0.997333$

+0.15%

ASTR

0.086994$

-1.90%

SATS

3.0756E-7$

-3.25%

USD0

1.001$

+0.03%

DEXE

11.31$

+3.20%

ENJ

0.359319$

-2.03%

ZRX

0.748016$

-2.05%

GMT

0.241408$

-0.46%

WOO

0.340213$

-1.75%

TFUEL

0.091942$

-0.83%

TWT

1.49$

-2.23%

EBTC

99802$

+0.07%

AGENTFUN

6.14$

-3.94%

ETHFI

2.94$

-1.39%

CHEX

0.611687$

-4.90%

FRXETH

3981.1$

-0.54%

GIGA

0.060796$

+4.94%

AI16Z

0.529606$

-3.74%

MEME

0.01757529$

-1.80%

WETH

3974.53$

-0.82%

SNEK

0.00759188$

-2.90%

ACT

0.596419$

-4.63%

CELO

1.014$

-3.66%

IOTX

0.058877$

-2.35%

BTC.B

99631$

-0.11%

ETHW

5.11$

-1.42%

CVX

6.7$

-2.27%

AEVO

0.610109$

-0.93%

DYM

2.52$

-3.32%

BDX

0.078633$

-0.34%

ANKR

0.054223$

-0.68%

OSMO

0.761626$

-3.83%

PAXG

2631.44$

+0.17%

ONE

0.04213067$

-8.84%

SWETH

4272.84$

-0.62%

KDA

1.74$

-5.30%

ZETA

0.898329$

-2.85%

TEL

0.00661467$

-2.82%

QTUM

4.89$

+0.43%

SUSHI

2.66$

+35.35%

SAVAX

62.74$

+3.68%

ETHX

4135.96$

-1.39%

PYUSD

1.001$

+0.11%

TUSD

1.025$

+0.36%

GLM

0.505871$

-1.77%

BAT

0.334164$

-1.03%

JST

0.050372$

-1.35%

TBTC

99625$

-0.07%

WEMIX

1.2$

-1.78%

MANTA

1.27$

-2.91%

VRSC

6.24$

+0.56%

LUNA

0.704166$

-2.86%

QUBIC

3.93E-6$

-1.22%

ILV

66.92$

-1.23%

TRAC

1.17$

-0.25%

WETH

3976.18$

-0.71%

RVN

0.03215312$

-0.84%

MOODENG

0.4683$

-6.26%

SHIRO

4.60716E-7$

+15.59%

ALEO

1.67$

-0.09%

ATH

0.087066$

+3.17%

THE CRYPTONOMIST | Published on 2024-12-09 | 52 mins ago

Tired Of Losing Money In Crypto? How WallitIQ (WLTQ) Can Help You Become A Better Trader With 50,000% ROI By 2025

BITCOIN.COM | Published on 2024-12-08 | 1 hour ago

Iran Embraces Crypto Regulation to Counter Economic Sanctions

NEWS BTC | Published on 2024-12-08 | 2 hours ago

Dogecoin Sees Quiet Breakout As Data Signals Rally Continuation

BITCOIN.COM | Published on 2024-12-08 | 3 hours ago

Big Banks vs. Bitcoin: The Battle for Financial Freedom

COINTELEGRAPH | Published on 2024-12-08 | 3 hours ago

National Center for Public Policy Research proposes BTC treasury to Amazon

BITCOIN.COM | Published on 2024-12-08 | 4 hours ago

XRP’s $149B Power Play: Tokenization, Defi, and a Regulated Stablecoin

NEWS BTC | Published on 2024-12-08 | 4 hours ago

Ethereum Active Addresses Surge By 36% In Support Of Bullish Price Action – Details

COINTELEGRAPH | Published on 2024-12-08 | 4 hours ago

Traders watch DOGE, SUI, PEPE and FTM as Bitcoin range trades near $100K

BITCOIN.COM | Published on 2024-12-08 | 4 hours ago

A Crypto Tax Paradise? Czech Republic Pioneers Tax-Free Crypto Policies

DECRYPT | Published on 2024-12-08 | 5 hours ago

This Week in Crypto Games: $250K Pokémon Card Auction, 'Pixels' $4M Competition, 'Nifty Island' Token Date

Date / Address	Transaction
2024-12-05 10:38:28
bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h	+1439.28649195
2024-12-05 04:51:08
bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h	+1154.16106039
2024-12-05 04:37:43
bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h	+2166.18718724
2024-12-04 20:38:27
bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h	+1071.77181086
2024-12-04 08:31:08
bc1qjh0akslml59uuczddqu0y4p3vj64hg5mc94c40	-2219.29811001
View more

Academy

How it Works

Explore our tools

Top 10 Performance