Bitcoin: a universal complementary currency? - Paris ...

80% of BTC are mined in China, mining equipment is overwhelmingly made in China, and a relatively small number of mostly Chinese mining pools / miners are keeping up the blockchain. Are you worried about this centralization? If not, why not? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

@Reuters: #Bitcoin's 'halving': It will slash the number of new crypto coins awarded to bitcoin miners by a half. Here's what you need to know https://t.co/l6o6dL9Ek2

@Reuters: #Bitcoin's 'halving': It will slash the number of new crypto coins awarded to bitcoin miners by a half. Here's what you need to know https://t.co/l6o6dL9Ek2 submitted by -en- to newsbotbot [link] [comments]

The 3rd Bitcoin halving is coming in the middle of this month. The supply of Bitcoins issued as mining rewards will cut in half. How many miners are around the world now? Do you think the number of miners after shrinking rewards will increase or decrease?

The 3rd Bitcoin halving is coming in the middle of this month. The supply of Bitcoins issued as mining rewards will cut in half. How many miners are around the world now? Do you think the number of miners after shrinking rewards will increase or decrease? submitted by mirrasel to Bitcurate [link] [comments]

the bitcoin miner virus spammer was actually numbers (proof inside)

i want a corona cuz i got mthe virus lol
submitted by big___fish to Kappa [link] [comments]

@Reuters: #Bitcoin's 'halving': It will slash the number of new crypto coins awarded to bitcoin miners by a half. Here's what you need to know https://t.co/hpmbXqV2R0

@Reuters: #Bitcoin's 'halving': It will slash the number of new crypto coins awarded to bitcoin miners by a half. Here's what you need to know https://t.co/hpmbXqV2R0 submitted by -en- to newsbotbot [link] [comments]

Bitcoin.com, ViaBTC join ‘Miner’s Choice’ initiative for Bitcoin Cash miners. ...a move that will eliminate the current dust limit and begin processing a number of zero-free transactions in every Bitcoin BCH block.

Bitcoin.com, ViaBTC join ‘Miner’s Choice’ initiative for Bitcoin Cash miners. ...a move that will eliminate the current dust limit and begin processing a number of zero-free transactions in every Bitcoin BCH block. submitted by unstoppable-cash to btc [link] [comments]

Be careful Garry's Mod players - A number of servers are trying load BitCoin miners on your machine.

Be careful Garry's Mod players - A number of servers are trying load BitCoin miners on your machine. submitted by Leelum to gaming [link] [comments]

So B2X signatories had more than 20 millions custodial wallets, hundreds of millions of VC money, 85% of miners signalling. And they failed. This shows that in bitcoin, these numbers aren't those which matter.

So B2X signatories had more than 20 millions custodial wallets, hundreds of millions of VC money, 85% of miners signalling. And they failed. This shows that in bitcoin, these numbers aren't those which matter. submitted by allcuzone to Bitcoin [link] [comments]

There is an incentive for miners that have heavily invested in newer (and faster) mining equipment to exert pressure on the price of Bitcoin. Doing so wipes out the slower competing miners, which helps maximize the number of Bitcoins they can acquire before the halving in May 2020. Read more...

There is an incentive for miners that have heavily invested in newer (and faster) mining equipment to exert pressure on the price of Bitcoin. Doing so wipes out the slower competing miners, which helps maximize the number of Bitcoins they can acquire before the halving in May 2020. Read more... submitted by CoinMarketExpert to CoinMarketExpertCom [link] [comments]

"Glad to see that the number of miners increase on #BitcoinSV. #bitcoin #BSV"

submitted by cryptorebel to bitcoincashSV [link] [comments]

Andreas in Jan 2016 on nodes vs miners and their contribution to bitcoin network: "Node count is a lot less important than miners. Validating on the way to the miners is important for propagation, but bitcoin network has no problem with latency or propagation. The current number of nodes is fine"

Andreas in Jan 2016 on nodes vs miners and their contribution to bitcoin network: submitted by hunk_quark to btc [link] [comments]

Bitcoin holders will always have roughly 100x more staked on the value of Bitcoin than miners. This proves it is financially infeasible for miners to afford a node, that a significant number of Bitcoin stakeholders cannot also afford. For that reason, the "Runaway node" cost is a myth.

Bitcoin holders will always have roughly 100x more staked on the value of Bitcoin than miners. This proves it is financially infeasible for miners to afford a node, that a significant number of Bitcoin stakeholders cannot also afford. For that reason, the submitted by guyfawkesfp to btc [link] [comments]

On Bitcoin Core developer mailing list: Hardfork to fix difficulty drop algorithm suggested to take care of potential drop in number of miners after the halvening this July. However, if a hardfork is considered anyway, then why not increase block size in that same hardfork while we're at it?

submitted by r5t6y7 to Bitcoin [link] [comments]

08-07 22:13 - 'Been on vacation this past week and to see this even number pop up gave me the feels' (imgur.com) by /u/Golden_Miner_Mod removed from /r/Bitcoin within 8-18min

Been on vacation this past week and to see this even number pop up gave me the feels
Go1dfish undelete link
unreddit undelete link
Author: Golden_Miner_Mod
submitted by removalbot to removalbot [link] [comments]

Obyte is the current world number one in CPU time being donated every day for the WCG project! Bitcoin, Ethereum and Monero miners are very welcome to join Obyte in putting CPU power to social use.

Obyte is the current world number one in CPU time being donated every day for the WCG project! Bitcoin, Ethereum and Monero miners are very welcome to join Obyte in putting CPU power to social use. submitted by miners-suck to obyte [link] [comments]

06-12 11:54 - 'Seems like a lot of what you said just isn’t how it works / Edit: the number of mining devices shouldn’t be affected and if anything there would be fewer miners running / being sold if the profitability drops from the reward...' by /u/butterball6 removed from /r/Bitcoin within 1-11min

'''
Seems like a lot of what you said just isn’t how it works
Edit: the number of mining devices shouldn’t be affected and if anything there would be fewer miners running/ being sold if the profitability drops from the reward having. Electricity costs also stay the same. Profitability drops for all mining operations by the same proportion and if the price of bitcoin doubled at the same time then profitability would match what it was before the halving and everything would be basically the same in terms of mining.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: butterball6
submitted by removalbot to removalbot [link] [comments]

Georgia a Country With Population of 3.5 Million is Amongst US and China With the Largest Number of Bitcoin Miners

Georgia a Country With Population of 3.5 Million is Amongst US and China With the Largest Number of Bitcoin Miners submitted by giogul to Bitcoin [link] [comments]

Graph: Mempool Transaction Count - The number of transactions waiting to be confirmed. Backlogs at an all-time high, users experiencing delays, unable to transact, miners losing fees. Bitcoin network congested and unreliable due to Core/Blockstream's never-ending obstructionism, censorship and lies.

Graph:
https://blockchain.info/charts/mempool-count?timespan=all
Core/Blockstream is sabotaging the network by forcing everyone to use their shitty tiny 1 MB "max blocksize" when everyone knows the network can already support 4 MB blocks.
It's time for the Bitcoin community to tell the owners of Blockstream and "the devs they rode in on" to go fuck themselves.
Bitcoin Unlimited is the real Bitcoin, in line with Satoshi's vision.
Meanwhile, BlockstreamCoin+RBF+SegWitAsASoftFork+LightningCentralizedHub-OfflineIOUCoin is some kind of weird unrecognizable double-spendable non-consensus-driven fiat-financed offline centralized settlement-only non-P2P "altcoin".
Smart miners like ViaBTC have already upgraded to Bitcoin Unlimited - and more and more users and miners are dumping Core.
The best way to ensure Bitcoin's continued success is to abandon the corrupt incompetent liars from Core/Blockstream - and move forward with simple, safe on-chain scaling now by upgrading to Bitcoin Unlimited.
submitted by ydtm to btc [link] [comments]

"Today, the fees represent 0.5% or less of a bitcoin miner’s income'...' However, as the reward decreases over time and the number of transactions per block increases, a greater proportion of bitcoin mining earnings will come from fees. " - Andreas M. Antonopoulos

submitted by TheCloisters to Bitcoin [link] [comments]

[META] bitcoin miner fees are currently very high and rising, ~$12+ btc, number of unconfirmed transactions are very high and rising too, ~200k+, keep in mind buying and selling btc

submitted by nter to BitMarket [link] [comments]

"Glad to see that the number of miners increase on #BitcoinSV. #bitcoin #BSV"

submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

At what price will we see a large number of miners turning off their machines to the point it starts affecting network stability? /r/Bitcoin

At what price will we see a large number of miners turning off their machines to the point it starts affecting network stability? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Coinmine Review Bitcoin Mining Farm  BitClub Network  Iceland - Facility 2 Crypto Happy Hour - Bitcoin's Final Countdown Radeon RX 560 4gb Mining Days Numbered? New Bitmain Bitcoin Miner - Most Powerful One Yet?

DOOM: The Dollar And The Fed’s Days Are Numbered. April 4, 2018 by Wealthy Miner. 8. SHARES. Share Tweet. Back when I first launched The Dollar Vigilante around 2010, I basically predicted that all fiat currencies would collapse by the end of the decade. As 2020 looms, my prediction seems to be holding up quite well—and the rise of cryptocurrency is just another signal of the market’s ... [ ] Coinbase Pro passes gas fees to users as ETH miner revenue hits 5 year high Coin Telegraph [ ] Bitcoin ... In 2013 MicroStrategy CEO Said Bitcoin’s Days are Numbered: Today His Company Owns $425 Million of BTC CryptoDailyObserve 0. In the past month, the NASDAQ-listed company MicroStrategy bought $425 million worth of Bitcoin. CEO Michael Saylor brought out BTC’s unique qualities to ... With Bitcoin's price at $, you'd need bitcoins to be a Bitcoin millionaire in dollars. Since there are BTC in circulation, there are a maximum of people holding bitcoins. In all likelihood, the number is much lower than that and probably around 30,000-60,000 people with more than $1 million worth of bitcoins. Provably Fair gambling is a technology that is unique to Bitcoin gambling that makes it impossible for a player or casino to cheat. You no longer have to doubt the house for your every loss. So, whatever game you are playing, you can be confident that the result is fair and accurate given its fairness is provable. Seeds are generated strings that are used for cryptographic purpose. Last server ... Conversely a solo miner can go for a long period before he/she earns the 50-bitcoin reward associated with the computation of a new block of transactions. Statistically, the expected rewards are the same though, only the income flow is steadier in a pool. Hence a miner would have no incentive to stay with a pool under the control of a hostile investor. He or she would simply switch to another ...

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Coinmine Review

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