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I was a bit surprised to learn that you can earn 25 bitcoins, just by confirming a block worth of transactions. If I've done the math right, at $493 per bitcoin, that's $12,325.
Does one do a lot of work (beyond a few mouse clicks) to earn those 25 bitcoins? Does that constitute "rent" for the use of the resources of your computer (which probably cost a lot less than $12,325)?
Or is it just the case that 25 bitcoins are issued per block, and by confirming a block of transactions, you get those those 25 bitcoins.
If confirmation was easy, then everyone would just confirm conflicting transactions and the Bitcoin system wouldn't work. For Bitcoin to work, confirming a block must be exceptionally difficult, and it is. – David Schwartz – 2014-04-23T19:29:16.343
1The difficulty is automatically adjusted to try and keep an average time of 10 minutes between blocks. The average amount of work it takes to create a block is the work done by all the miners in the world for 10 minutes. That's a lot of work. – user253751 – 2014-04-23T23:28:44.313