Crypto Miner

Bitcoin miners download the entire history of blockchain and assemble valid transactions into a block . If the block of assembled transactions is accepted and verified by other miners, then the miner receives a block reward. Another incentive for bitcoin miners to participate in the process is transaction fees.

Today, mining Bitcoin as an individual is rarely profitable unless someone has access to extra low-cost electricity .

Bitcoin miners are paid in two ways: transaction fees for all transactions in the block they mine, and the block reward for the block . Miners pull in high fee transactions first, which creates a market that determines how large a fee is required to confirm a transaction.