BITCOIN MINER

A mineworker gets 46 times more than a career professional in Mexico.

Bitcoin, a profit mine

The miners of this cryptocurrency get a reward of 12.5 bitcoins.

Forget about careers like chemistry, physics or statistics, which are among the highest paid, according to the Mexican Institute of Competitiveness.

Today the bitcoin miners are generating 46 times more than what a physicist generates (33,266 pesos) or 1.5 million pesos -the exchange rate at the time of writing this note, according to Bitso-.

The miners and the companies that are in charge of continuing to support the protocol obtain 12.5 bitcoins as a "reward".

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The protocol, developed by Satoshi Nakamoto, whose true identity is unknown, stipulated since the beginning of this type of rewards with the aim of boosting the bitcoin ecosystem.

The first people who managed to undermine the first 210,000 bitcoins were given a reward of 50 bitcoins. When this happened in 2009, the value of the cryptocurrency was almost two dollars.

If they kept these 50 bitcoins, Nakamoto or another individual who managed to mine at the beginning would have a fortune of 6.2 million pesos at the current price of this cryptocurrency.

One of the relevant elements in the bitcoin protocol is that for every 210,000 blocks mined, the reward decreases by half or as it is known in the ecosystem a halve occurs.

For example, throughout the history of bitcoin have been given at least two halve. The first in 2012, when the reward fell to 25 bitcoins and in 2016, reaching 12.5 bitcoins.

It is estimated that with the rate at which this cryptocurrency is currently mined, the third halve will give on May 23, 2020, from this moment the reward for mining will be 6.25 bitcoins.