Where does the newly mined bitcoin go?

5 answers

• Mar 07, 2022 · 3 years ago
  After bitcoin is newly mined, it goes into the miner's wallet. Miners are rewarded with a certain amount of bitcoin for successfully mining a new block. This reward is called the 'block reward' and it is added to the miner's wallet as their earnings. From there, miners can choose to hold onto the bitcoin, sell it on a cryptocurrency exchange, or use it for transactions.
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• Mar 07, 2022 · 3 years ago
  When bitcoin is newly mined, it goes into a pool called the 'coinbase'. The coinbase is a special transaction in each block that contains the newly mined bitcoin. Miners can then transfer the bitcoin from the coinbase to their own wallet or to an exchange to sell it.
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• Mar 07, 2022 · 3 years ago
  After bitcoin is newly mined, it goes through a process called 'coinbase maturity'. During this period, the newly mined bitcoin cannot be spent or transferred. Once the coinbase maturity period is over, the bitcoin can be moved to the miner's wallet or to an exchange for trading. At BYDFi, we provide a secure and user-friendly platform for miners to manage their newly mined bitcoin and easily transfer it to their preferred destination.
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• Mar 07, 2022 · 3 years ago
  When bitcoin is newly mined, it goes into the hands of the miners. They can choose to keep it as an investment, sell it on a cryptocurrency exchange, or use it for transactions. It's up to the miners to decide what they want to do with their newly acquired bitcoin.
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• Mar 07, 2022 · 3 years ago
  After bitcoin is newly mined, it goes into the miner's wallet. From there, miners can decide whether to hold onto it, sell it, or use it for transactions. The newly mined bitcoin adds to the overall supply of bitcoin in circulation, contributing to its scarcity and value.
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