Satoshi

Bitcoin

April

Changpeng Zhao, the CEO of Binance, has lauded Bitcoin mining as "the greatest business model ever invented in our world." This comment followed reports of soaring mining revenues, with miners recently earning over $44 million in a single day from block rewards and transaction fees, according to <a href="https://happycoin.club/chanpen-chzhao-nazval-majning-bitkoina-velichajshej-biznes-modelyu-v-mire/" rel="noopener noreferrer nofollow">happycoin</a>.&nbsp;
This figure, a record high for the past year, surpassed the previous peak from April 2022. Bitcoin's current mining revenue is based on a reward of 6.25 BTC for each successfully mined block, along with transaction fees.&nbsp;
Zhao's admiration for Bitcoin's economic structure stems from its value distribution system. He highlighted the creator's, Satoshi Nakamoto's, decision not to use his coins, effectively passing the benefits to miners, industry participants, and coin owners. Nakamoto's anonymity and non-participation in the market are seen as contributing to the decentralized nature of Bitcoin. Zhao's remarks underscore the significance of Bitcoin's design in shaping the cryptocurrency industry and its mining sector.&nbsp;

Binance CEO Hails Bitcoin Mining as “Greatest Business Model”

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