Bitcoin Mining Company Admits Halving Will Affect Miners Payout From Monday
A day to block reward halving, Hashflare has become one of the first Bitcoin mining companies to inform their miners that the proposed reduction in the mining reward will affect their payout, though it didn’t say by how much. In a message to its miners via email, Hashflare says: “We would like to remind you that this weekend Bitcoin mining reward will be reduced by 50%. This process, namely halving, is a part of Bitcoin system script and occurs every 210 000 blocks. The last halving was 4 years ago and the block reward went down to 25 BTC from 50 BTC. “The halving will occur on Saturday,....
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What effect will the July 11 halving have on the Bitcoin’s value? As many worry that mining becomes less profitable, some experts take a different view. Most Bitcoin users believe that the pending halving in July will have an effect on the cryptocurrency’s value. Speculations are rife that Bitcoin mining activities will be less profitable afterwards especially for big miners which will extend to individuals who have mining contracts. Some say the small miners will also suffer. A debate about the topic appeared in a bitcointalk.org discussion thread which has two separate quotes from....
With Bitcoin finally completing its fourth-year halving cycle, many users are aggressively competing for halving blocks, paying exorbitant amounts of fees to mine a single block. Bitcoin Mining Pool Pays Over $2.4 Million In Block Fees Earlier today, the 840,000th block was added to the Bitcoin blockchain, triggering the onslaught of the highly anticipated halving event. While the price of BTC did not witness a dramatic change following the halving, transaction fees spiked to unprecedented highs. Related Reading: Ripple CEO Walks Back $5 Trillion Crypto Marker Prediction, Unveils New....
The halving comes and goes, Ethereum wants to hard-fork, and the blockchain does income grants. Want to catch up on the latest cryptocurrency news? Take a look at the stories below. BITCOIN HALVING. The halving has officially come and gone, and the results haven’t been as big as we all hoped for. At mid-day on Saturday, the bitcoin price fell to the $620 range but jumped back to about $645 within a few hours. Despite all the press and predictions that led up to the event, not much seems to have happened. Following the first halving in 2012, however, the price of a single bitcoin increased....
Slush’s Pool was introduced in late 2010 and was the brainchild of Marek Palatinus who saw a need for pooled mining resources to be able to keep more people mining Bitcoin. He developed the Stratum style of mining to help miners receive payouts in a landscape of escalating mining power. The development of Slush’s Pool brought with it a new era of Bitcoin mining and changed forever the way we mine Bitcoin and many other Cryptocurrencies. Marek’s words about how he came up with pooled mining are quite fitting. Now on November 17th Satoshi Labs announced the new Beta for Slush’s Pool. Slush’s....
Bitcoin mining operators are exploring diversification strategies as they anticipate digital asset volatility ahead of next year’s halving, according to insights from industry analyst Anthony Power. The halving, which occurs approximately every four years, involves a reduction in the reward miners receive for adding new blocks to the blockchain. This impending event has prompted miners […]