47 - Ethereum Miners
Miners are entities running Ethereum nodes that validate and execute these transactions and combine them into blocks.
The process of validating each block by having a miner provide a mathematical proof is known as a “proof of work.”
Miners are rewarded for blocks accepted into the blockchain with a block reward in ether (currently 2 ETH).
A miner also gets fees which is the ether spent on gas by all the transactions included in the block.
- Entities running ethereum nodes
- Transactions -> Validate/Execute/Combine -> Blocks
- Block Validation -> Proof of Work (PoW)
- Block Reward -> 2 ETH
- Tx Fees -> All Block Tx's