Mt. Gox CEO Mark Karpeles tells Creditors: I’m on Your Side

bitcoin miners earn rewards through two main sources: newly created coins issued with each block and transaction fees paid by users. These incentives secure the network and validate transactions efficiently.

bitcoin’s protocol prioritizes security and decentralization over raw throughput: conservative consensus, proof-of-work, block size limits and long validation reduce centralization and protect against attacks, at the cost of scalability.