How Bitcoin mining works?

[sana12981]

As anybody can become a Bitcoin miner by running a software with a special hardware.
but how the Miners gets their money, who paid them?

[Zed0X]

As anybody can become a Bitcoin miner by running a software with a special hardware.

Yes, anyone can try and set up their own mining rig but that doesn't mean they will be successful in mining even a single block. There's a competition among miners and whoever has the higher hash rates has a higher chance of finding the next block.

but how the Miners gets their money, who paid them?

Each miner are rewarded with 6.25 BTC for every successful block they mine + the transaction fees each Bitcoin users pay.

Note that the block reward will decrease every halving which is after 210,000 blocks are mined (approx. four years).
To illustrate, it was 12.5 BTC/block from 2016-2020. Since the 2020 halving, it was reduced to 6.25 BTC/block and it will remain at that until 2024. The next BTC/block will be 3.125

[Irfan12@]

As anybody can become a Bitcoin miner by running a software with a special hardware.
but how the Miners gets their money, who paid them?

You must have strong network and electricity to do bitcoin mining.If you can't setup these well then you can't be successful in bitcoin mining.Hopefully you have a perfect idea about mining. If you have any idea about mining, first acquire knowledge about mining then do mining.

[SMACK]

You have shared a beautiful post with us. But I have no idea about it. So if you know a senior brother well, then you must discuss a little below. Then this is yours Senior and junior members can learn a lot from this valuable post.

[eldial]

Actually Bitcoin mining works is too slowly  in the system and some of the bounty hunters encouraged to participate because of there platform too much needed of time in order to publish a mining to works immediately to earned points.

[Master107]

This is what Bitcoin mining actually looks like.





Source.

[Dark Knight]

As anybody can become a Bitcoin miner by running a software with a special hardware.
but how the Miners gets their money, who paid them?

You must have strong network and electricity to do bitcoin mining.If you can't setup these well then you can't be successful in bitcoin mining.Hopefully you have a perfect idea about mining. If you have any idea about mining, first acquire knowledge about mining then do mining.

You have said many beautiful things. Thank you very much.Bitcoin mining is the backbone of the bitcoin network. The role of miners is to secure the network and to process every bitcoin transaction. Bitcoin mining requires a lot of electric power.

[Muneeb22]

You need the mining machines to make free coins on daily basis and also you need regular electricity through that you can make good money on daily basis and if you use solar panels then it is good then the electricity.

[Sumaiya2]

You need the mining machines to make free coins on daily basis and also you need regular electricity through that you can make good money on daily basis and if you use solar panels then it is good then the electricity.

Yes sir you have given a very nice post we have learned a lot from this post of yours.  Although we do not understand Bitcoin very well but we have learned a lot from your post.  Thank you so much for giving me this post.

[Angel jara]

You must have strong network and electricity to do bitcoin mining.If you can't setup these well then you can't be successful in bitcoin mining.There's a competition among miners and whoever has the higher hash rates has a higher chance of finding the next block.
it was reduced to 6.25 BTC/block and it will remain at that until 2024. The next BTC/block will be 3.125

[Carbitcoin]

You must have strong network and electricity to do bitcoin mining.If you can't setup these well then you can't be successful in bitcoin mining.There's a competition among miners and whoever has the higher hash rates has a higher chance of finding the next block.
it was reduced to 6.25 BTC/block and it will remain at that until 2024. The next BTC/block will be 3.125

in any case, you need to take care not only of obtaining reliable information and technical capabilities, but also of cheap electricity. it is best to make your house energetically independent, so that there is enough to power a mining farm.

[Nusrat]

We have to put a lot of effort behind whatever work we do.  In fact, no work can be successful without hard work.  If we are going to do any work without hard work, then we need an electric machine.  And in that case electricity is needed.  Then you can make good money.