Bitcoin Mining Masterclass with Dan Roberts (WiM194)
The "What is Money?" Show
00:00
The Relationship Between Bit Coin Mining Cap X and Bit Coin Price
Every ten minutes there is that bounty available for the global mining pull. So it's currently ixpoint two, five bitcoin plus any transaction fees accruing during that ten minute block. If the price of bit coin goes up, then the fiet denominated rewards in that 10 minute block go up accordingly. Now what that does is improved returns and yield for incumbent miners. But as a true market, that incentivizes not only you, but others to con sider investing in new capacity to get a share of that digital pie every ten minutes because the reward is now higher.
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