Where do BTC rewards come from?

Where do BTC rewards come from?

BTC rewards come from both physical miners and our digital miners, as they both mine Bitcoin.

How is BTC mined?

BTC rewards are generated through the Bitcoin mining process, where miners compete to solve complex mathematical puzzles that verify transactions on the Bitcoin network. When a miner successfully solves one of these puzzles, they can add a new block to the blockchain and receive a reward. This entire process is vital for ensuring the security and reliability of the Bitcoin network.

Currently, an impressive two exahashes of computing power are being generated across nine data centers, allowing us to boast a 99.9% uptime, which ensures efficient and reliable mining operations.

How to withdraw BTC rewards?

Withdrawing your BTC rewards is a simple process. After accumulating Bitcoin through your Digital miner, you can easily initiate a withdrawal to your linked Bitcoin wallet. Just follow the instructions in your GoMining account dashboard to securely transfer your earnings.

About BTC wallet

A Bitcoin wallet is essential for storing and managing your BTC rewards. You can use your Bitcoin wallet to send, receive, and keep track of your Bitcoin balance. GoMining offers users the use of a Virtual BTC Wallet. This lets you accumulate your BTC rewards before transferring them to your real wallet, allowing you to save on network fees. Withdrawals from the Virtual Wallet can be made manually at any time with a fixed network fee or automatically upon a minimum sending threshold, in which case we will take care of the network fees for you.

October 16, 2024

Nina Tolmacheva's photo

WRITEN BY

Nina Tolmacheva

Content and Social Media Manager at GoMining