Moving bitcoins around

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I am doing some reading about bitcoin and my understanding is that miners get 25 BTC for every transaction that is made. This means that even for a transaction of 0.01 BTC 25 will be generated. Doesn't this mean that people will be able to create a lot of low valued transactions (constantly moving btc around) to generate more and more bitcoins?

Trc223

Posted 2016-12-15T22:38:55.587

Reputation: 1

No, you're confusing block reward (currently 12.5 BTC) with transaction fees (which are much smaller). – Greg Hewgill – 2016-12-15T22:43:02.520

Ok blocks store transaction data right? so the number of transactions still affect the blocks. So doesn't that mean still that more transactions = more blocks? – Trc223 – 2016-12-15T23:17:05.953

Sounds like you've got some more reading to do. Blocks are found every 10 minutes on average. A typical block today might contain 2500 transactions or so. – Greg Hewgill – 2016-12-15T23:21:00.223

Answers

1

The miner gets a reward of 12.5 bitcoins plus transaction fees every block, not every transaction. Blocks occur approximately every 10 minutes, and the reward is cut in half approximately every 4 years.

m1xolyd1an

Posted 2016-12-15T22:38:55.587

Reputation: 3 356

Asked: 2016-12-15T22:38:55.587

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Active: 2016-12-15T22:50:01.457