Bitcoin rewards halve for virtual cash money miners

  • Australia to sell £8m of seized bitcoins
  • Before 9 July, a regular reward of 25 bitcoins was handed out to those who were first to verify which coins had been spent.
  • The financial reward for solving the puzzle also helps motivate people to stay involved.
  • The financial rewards for being involved with the Bitcoin virtual currency have been halved.
  • One bitcoin is now worth about £500 ($645), making the reward each time a block is added to the blockchain equal to about £6,244.

Read the full article, click here.


@tmrwhub: “#Bitcoin rewards halved every 4 years in attempt to prevent inflation, via @BBCWorld”


The financial rewards for people who help to verify who does what with their bitcoins have been halved.


Bitcoin rewards halve for virtual cash money miners

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.

Read the full article, click here.


@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

Bitcoin rewards halve for virtual cash money miners

#Bitcoin rewards cut by half for virtual cash money miners

  • The financial reward for solving the puzzle also helps motivate people to stay involved.
  • The financial rewards for being involved with the Bitcoin virtual currency have been halved.
  • Before 9 July, a regular reward of 25 bitcoins was handed out to those who were first to verify which coins had been spent.
  • One bitcoin is now worth about £500 ($645), making the reward each time a block is added to the blockchain equal to about £6,244.
  • The first halving event took place in 2012, when the reward for mining a block dropped from 50 bitcoins to 25.

Read the full article, click here.


@calestous: “#Bitcoin rewards cut by half for virtual cash money miners”


The financial rewards for people who help to verify who does what with their bitcoins have been halved.


Bitcoin rewards halve for virtual cash money miners

Bitcoin rewards halve for virtual cash money miners

#bitcoin rewards halve for virtual cash money miners - BBC News

  • The financial reward for solving the puzzle also helps motivate people to stay involved.
  • The financial rewards for being involved with the Bitcoin virtual currency have been halved.
  • Before 9 July, a regular reward of 25 bitcoins was handed out to those who were first to verify which coins had been spent.
  • One bitcoin is now worth about £500 ($645), making the reward each time a block is added to the blockchain equal to about £6,244.
  • The first halving event took place in 2012, when the reward for mining a block dropped from 50 bitcoins to 25.

Read the full article, click here.


@bitcoinagile: “#bitcoin rewards halve for virtual cash money miners – BBC News”


The financial rewards for people who help to verify who does what with their bitcoins have been halved.


Bitcoin rewards halve for virtual cash money miners

Bitcoin ‘miners’ face fight for survival as new supply halves

  • 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.
  • Dallas police used ‘bomb robot’ to kill shooter
  • As the bitcoin price has risen, as transaction numbers have grown and as the computers have become so specialized that they can only perform the function of bitcoin mining, a whole industry has emerged.
  • Germany says forces in Iran trying to torpedo nuclear deal

Read the full article, click here.


@bitcoinagile: “#bitcoin ‘miners’ face fight for survival as new supply halves #blockchain #currency”


By Jemima Kelly KEFLAVIK, Iceland (Reuters) – Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of thousands of computers running 24 hours a day in fierce competition with others across the globe to earn bitcoins. In the world


Bitcoin ‘miners’ face fight for survival as new supply halves

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.

Read the full article, click here.


@CNBC: “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

Bitcoin ‘miners’ face fight for survival as new supply halves

  • 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 is now accepted by major organizations including U.S. online retailer Overstock.com and travel company Expedia.
  • Because the bitcoin miners operate autonomously, it is hard to track their numbers and size.
  • Bitcoin ‘miners’ face fight for survival as new supply halves

Read the full article, click here.


@bitcoinagile: “#bitcoin ‘miners’ face fight for survival as new supply halves”


From Yahoo Finance: Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of thousands of computers running 24 hours a day in fierce competition with others across the globe to earn bitcoins. Bitcoin can be used to send money instantly around the world, using individual bitcoin addresses, free of charge with no need for third party checks, and is accepted by several major online retailers.


Bitcoin ‘miners’ face fight for survival as new supply halves