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Bitcoin Quiz

Category - Bitcoin

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After approximately how many years is the reward for mining a block of bitcoins halved?

1 year.
2 years.
4 years.
6 years.

Explanation

Answer: C - After approximately four years is the reward for mining a block of bitcoins halved? When the Bitcoin protocol was first created, the reward for mining a block was 50BTC, and this was the same reward for the first 210,000 blocks. The current reward is 25BTC, and will be reduced to 12.5BTC after the 420,000^th block is mined.

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