30 lines
1.3 KiB
TeX
30 lines
1.3 KiB
TeX
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\begin{frame}{Bitcoin Mining Rewards}
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Two sources of income for Bitcoin Miners, a Block Reward and a User fee
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\newline
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\begin{center}
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Constant Miner Reward
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\begin{formal}
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``The steady addition of a constant amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.''
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\begin{list}{$-$}
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\item{Satoshi Nakamoto}
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\end{list}
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\end{formal}
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\end{center}
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%Current reward is 6.5 Bitcoin
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\begin{center}
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Variable User Fees
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\begin{formal}
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%The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.
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``The incentive can also be funded with transaction fees\ldots Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees''
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\begin{list}{$-$}
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\item{Satoshi Nakamoto}
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\end{list}
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\end{formal}
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\end{center}
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%Currently ranges from 1\% to 2\% of reward, but has spiked to 25\%
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\end{frame}
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