Specifically, in the first four years (the first Bitcoin was mined on January 3, 2009), miners were rewarded with 50 Bitcoins per block, which has kept halving for every 210,000 block transactions.

Ethereum is the world’s second-largest cryptocurrency by market capitalization, second only to Bitcoin. With the popularity in the crypto world always far ahead of other minor coins, it once replaced the industry leader Bitcoin, becoming the most searched cryptocurrency word on Google. Of the increasing number of miners who have turned to Ethereum, many are very inadequately informed about Ethereum. What is Ethereum and how does its mining work?