Bitcoin mining rewards and payouts

Bitcoin mining rewards and payouts

A block reward is the bitcoin the network adds for a block: new bitcoin, plus the transaction fees in that block. A payout is a different event. It is your share of mined bitcoin, and it uses the BTC payout address you save. On the dashboard, a day shows the bitcoin mined, the electricity taken out, and what is left.

What comes off the mined bitcoin

The block carries new bitcoin plus transaction fees. A Bitcoin halving cuts the new-bitcoin part, and the fees stay separate. Since 2024 the new-bitcoin part is 3.125 BTC per block. A mining pool splits the block across the hashrate, and your hashrate is your share of that split. On the dashboard that share is shown in TH. The pool fee comes out of that day's mined bitcoin. Bitcoin mining and electricity is the electricity taken out of that same bitcoin. An operations fee of 3% also comes out of that day's mined bitcoin. What remains is the net reward for the day.

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The BTC payout address

The payout uses the BTC payout address you save, once pending payout reaches the minimum you set in payout settings. It is not the moment a block is found. It is that share after the day's deductions. The attempts behind the day run on SHA-256 ASIC miners. The race is Bitcoin mining, the batch is a Bitcoin block, and mining difficulty is why the same TH is a different share of the network after a retarget. Hosted hashrate and buying a miner is the rental of those attempts. Free Testing is a way to watch a day before you buy.

Frequently asked questions

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