The Halving: Then & Now - a Bitcoin Magazine Infographic
A milestone in Bitcoin’s history, the block reward will be halved for the second time today. Where the first “halving” cut the mining reward from 50 bitcoins to 25, for the next four years miners will only earn 12.5 bitcoins for each block they find - not counting mining fees. This means that the sensational “25 bitcoin”-era is coming to an end. Since to....
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According to a new infographic, featured below, bitcoin is electrifying the non-profit profit sector. "The piece explores how Bitcoin will revolutionize charitable donations given to non-profit organisations, focusing on how it will work and what challenges donating in digital currencies face in the long run,". Max Hammond, Digital PR Executive for NeoMam Studies, said upon sharing the infographic. The infographic details how non-profits will see benefits from bitcoin, as well as how to accept it in the first place. Bitcoin users can donate directly to the non-profit through a public key,....
The second so-called Bitcoin “block halving” is fast approaching. This week, as three-quarters of all bitcoins have been mined, the block subsidy will decrease from 25 bitcoins per block to 12.5. A key event in Bitcoin's history, eagerly anticipated by some – and perhaps somewhat feared by others. More than anyone else, Bitcoin miners stand to be affected by the event: producing blocks is their business and the block reward presents the major chunk of their revenue. Having spoken to BTCC COO, Samson Mow, and BitFury CEO, Valery Vavilov, last week, Bitcoin Magazine reached out to other....
The Bitgesell halving just took place yesterday, March 28th, and will focus on putting a deflationary economic model in place just like Bitcoin did after its halving. Here’s everything you need to know about the Bitgesell halving, the coin itself, and what lies ahead post-halving. What To Expect Now That The Bitgesell Halving Has Happened Bitgesell, a young but novel blockchain project founded by Emma Wu, relies on a spinoff of the original Bitcoin codebase, […]
The second-ever Bitcoin block reward halving is estimated to take place in a little under two weeks, and the overall effects of this event are still somewhat of an unknown. There has been a runup in the Bitcoin price over the past month, and many claim this is due to the upcoming halving, where the number of new bitcoins created roughly every 10 minutes is cut in half (from 25 to 12.5). To get some informed opinions about what could happen next, Bitcoin Magazine reached out to BitFury CEO Valery Vavilov and BTCC COO Samson Mow. BitFury manufactures ASIC Bitcoin mining chips (and mines with....
This infographic of bitcoin's price is something I've been pondering today. It tells bitcoin's often dramatic price story in fundamental trend lines that abstract away some serious doses of speculative activity. There's a lot in this chart, so lets break it down: In late 2015 through to May 2016, we saw a three cats and a moon consolidation pattern play out over six months after a multi-level marketing (MMM) pyramid scheme took bitcoin price action through some exciting times. By early June 2016, we saw a speculative bubble (marked in green above) as the market sought to price in the....