Bitcoin supply gets cut in half, and ‘miners’ scramble to adjust

  • Genesis, for example, keeps cost down by remotely monitoring conditions in its mining farms and adjusting its fans and cooling .
  • The mining keeps the whole system going.
  • Bitcoin mining started out as a hobby for tech geeks using their home computers in the early years of the virtual currency, but has become more specialized as bitcoin usage expands.
  • Bitcoin ‘miners’ face fight for survival as new supply halves
  • The Icelandic authorities welcome the boost to the economy that the bitcoin miners have brought-Bitmain opened its farm after an approach by the Icelandic embassy in Beijing.

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@sur2009: “Bitcoin supply gets cut in half, and ‘miners’ scramble to adjust”


Bitcoin’s rule dictates that supply is halved every 4 years to keep a lid on inflation. That means’mining’ companies must adjust to the profit hit.


Bitcoin supply gets cut in half, and ‘miners’ scramble to adjust