Auto Added by WPeMatico
Following the string of 20 block rewards spent on Wednesday, an idle bitcoin wallet that was created on July 10, 2013, transferred 2,207 so-called ‘sleeping bitcoins’ worth over $147 million. Both of these massive transactions took place on the same day bitcoin reached an all-time price high at $69,000. 2013 Whale Transfers 2,207 Bitcoin Worth […]Powered by WPeMatico
In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been Broken? Some would […]
The post 21M Bitcoin and the Promise of Scarcity appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin (BTC) miners earned 44% more in transaction fees in the nine days since the halving than they did for the whole of April. If this continues miners will have more than doubled their income from transaction fees going forward. According to data from Coinmetrics, miners have collected the equivalent of 1,176 BTC in transaction […]
The post Bitcoin Miners Double Revenue: Fees Spiked Over 200% in 10 Days Since the Halving appeared first on Bitcoin News.
Powered by WPeMatico
The average transaction cost for Bitcoin (BTC) soared 414% in the days before the halving, peaking at $3.19 on May 8, from as low as $0.62 on April 26. This is the highest price bitcoiners have paid for a transaction on the network in ten months, according to data from Bitinfocharts. Fees are paid each […]
The post Bitcoin Transaction Costs Soar 400% Amid Halving Hyperbole appeared first on Bitcoin News.
Powered by WPeMatico
In less than two weeks, the Bitcoin block reward halving will take place and BTC miners will receive half the reward going forward after May 12. Since ‘Black Thursday’ (March 12), bitcoin prices have gained 103% since then rising from $3,800 to $7,750 per coin. With the halving fast approaching, many cryptocurrency proponents believe the […]
The post Bitcoin Halving Theories: Whale Says Price Rise Is a ‘Nonsensical Narrative,’ Weiss Ratings Expects ‘Massive Crypto Superboom’ appeared first on Bitcoin News.
Powered by WPeMatico
The notorious bitcoin halving is expected to happen in 20 days either on or around May 12, 2020. The anticipation leading up to the event is at an all-time high, as last week worldwide queries for the phrase “bitcoin halving” using Google peaked with a top score of 100. On Tuesday, Google Trends shows the […]
The post Bitcoin Halving Searches Surge – Phrase Touches Google Trends All-Time High appeared first on Bitcoin News.
Powered by WPeMatico
The cryptocurrency market rout in mid-March, which saw bitcoin’s price slide significantly in value, has strained bitcoin mining operations by slashing considerable revenue from the block rewards. Moreover, shipping delays from mining manufacturers have caused uncertainty and mining operations don’t know when next-generation miners will ship. The mining firm Hut8 has revealed in an earnings […]
The post Bitcoin Miners Reveal Concerns Over Mining Rig Shipment Delays and Bitcoin Halving appeared first on Bitcoin News.
Powered by WPeMatico
On April 8, 2020, the Bitcoin Cash network officially halved as of block 630,000 and BCH miners hashing away at the network will capture 6.25 coins per block going forward. The BCH halving is the first major SHA256 branch to halve its block reward, as BSV and BTC will halve as well within the next […]
The post The Bitcoin Cash Network’s Block Reward Officially Halved – Block 630,000 Mined appeared first on Bitcoin News.
Powered by WPeMatico
On or around May 13, the BTC network will see a block reward reduction as miners will go from getting 12.5 coins per block to 6.25 coins following the halving. The last time the protocol’s block reward halved was on July 9, 2016, and the global economy looked a whole lot different back then. This […]
The post Crypto Mining Crunch Time – Bitcoin Halving Less Than 50 Days Away While Global Economy Shudders appeared first on Bitcoin News.
Powered by WPeMatico
In 18 days, the Bitcoin Cash (BCH) network will see its next halving as the block reward will decrease from 12.5 to 6.25 coins on or around April 8, 2020. BCH will be the first blockchain out of the top three SHA256 networks to halve as BSV will see a reward reduction two days after […]
The post Countdown to Block Reward Reduction – 18 Days Until Bitcoin Cash Halving appeared first on Bitcoin News.
Powered by WPeMatico