Is bitcoin only mined as a block reward?

Can't someone mine from the bitcoin treasury even if he/she doesn't adds block?

If bitcoin can only be mined as block reward; on what standards starting bit coins were mined and who mined them?

Non-technical answer please!

  • How does this question make sense ("mine from the bitcoin treasury") when your previous question on this topic is clearly answered saying there is no "treasury"? Does the block reward comes from a bitcoin treasury? If yes, then how is it issued? Aug 7, 2017 at 3:43
  • The specification defined what a "bitcoin" was. The first miners created things that complied with that specification and thus everyone who agreed to use bitcoins accepted them as valid bitcoins. You use a program that understands what a "bitcoin" is and checks to see if the rules in the specification are followed and, if so, says, "Yup, that's a bitcoin". Everyone who follows the same specification will agree with you. Aug 7, 2017 at 10:25

1 Answer 1


Yes, bitcoin is only mined as a block reward, there is no other way to mine, there is no such thing as a 'bitcoin treasury' (as you found out in your previous question). So adding blocks is the only way to get a block reward and earn bitcoins.

The very first bitcoins were mined by satoshi nakamoto, in basically the same way blocks are still mined today.


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