<p>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.</p>

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

CC BY-SA 3.0
2017-08-07T16:15:55.430Z
...and the genesis block is hardcoded into clients since then.

Related question: https://bitcoin.stackexchange.com/questions/40712/what-is-the-genesis-block
thinkmassive
CC BY-SA 3.0
2017-08-07T03:52:24.657Z
2017-08-07T03:52:24.657Z
meshcollider
<p>Is bitcoin <strong><em>only mined</em></strong> as a block reward? </p>

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

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

<p>Non-technical answer please!</p>

CC BY-SA 3.0
2017-08-07T03:43:27.067Z
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?](https://bitcoin.stackexchange.com/questions/57683/does-the-block-reward-comes-from-a-bitcoin-treasury-if-yes-then-how-is-it-issu)
Greg Hewgill
CC BY-SA 3.0
2017-08-07T10:25:08.440Z
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.
David Schwartz
<mining-profitability><mining-reward>
Is bitcoin only mined as a block reward?
Venkatesh
# Is bitcoin only mined as a block reward?

(Asked by: username_0 on 2017-08-07)

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!

**Tags:** mining-profitability, mining-reward

> **Comments:**
> **username_1**: 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?](https://bitcoin.stackexchange.com/questions/57683/does-the-block-reward-comes-from-a-bitcoin-treasury-if-yes-then-how-is-it-issu)  
> **username_2**: 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.  

---

## 1 answers

### Answer by username_3 on 2017-08-07. Score: 3

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.

> **Comments:**
> **username_4**: ...and the genesis block is hardcoded into clients since then.  Related question: https://bitcoin.stackexchange.com/questions/40712/what-is-the-genesis-block  

---

