Once miners have verified 1 MB (megabyte) worth of bitcoin transactions, recognized as a "block," those miners are qualified to be awarded with a portion of bitcoin (more about the bitcoin reward below as well). The 1 MB limit was arrayed by Satoshi Nakamoto, and is a signified of controversy, as some miners felt the block size should be increased to sustain more data, which would definitely mean that the bitcoin network could process and verify transactions more expeditiously. ( Check Out Nicehash For Bitcoin Mining Using Your PC )
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