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Apr 15, 2013 At least for now, though, the Bitcoin mining industry remains profitable business for the truly dedicated. (A recent 24-hour period of work yielded Bitcoin miners around the globe $681,000 profit.) But as more Bitcoins are discovered, the odds of finding new ones will exponentially diminish. That's why, even 

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Oct 22, 2017 This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function. In the future, as the number of new bitcoins miners are allowed to create in each block dwindles, the fees will make up a much more important percentage of mining income