Certified Bitcoin Professional Practice Exam

How many Bitcoins are generated with each new block mined?

1. 6.25

2. 12.5

3. 25

4. 50

The correct answer is: 12.5

The correct amount of Bitcoins generated with each new block mined is 6.25. This figure is the current block reward as of the latest halving event that took place in May 2020. Bitcoin has a predetermined issuance schedule, where the reward for mining new blocks is halved approximately every four years. Initially, when Bitcoin was created in 2009, the reward was 50 Bitcoins per block. This was then reduced to 25 in 2012, and later to 12.5 in 2016, before the most recent halving reduced it to 6.25. This systematic reduction in the Bitcoin mining reward is designed to control the supply of Bitcoin and create scarcity, which plays a key role in its economic model. Each time a block is successfully mined, the miner receives the current block reward, which is a critical incentive for miners to maintain the network and secure transactions. Understanding this mechanism is fundamental for grasping Bitcoin’s monetary policy and overall supply dynamics.