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Jan 4, 2015 In reality, mining is the bread-and-butter of the bitcoin protocol, and without miners there would be no blockchain. Consequently, miners need to be rewarded for their work, otherwise they would have no incentive to contribute their time and computing power to maintain the blockchain. As its native reward 

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Jun 13, 2015 Specifically, bitcoin limits the total number of coins that will ever be created to 21 million. Now, for Bitcoin's first year and a half, as Nathaniel Popper documents in his page-turning history "Digital Gold," there were still only a handful of people, if that, mining it. But that began to change when libertarians, who