Approximately once every ten minutes, the Bitcoin network issues one "miner" with a block reward of freshly minted bitcoins. When bitcoin launched in 2009, the block reward was 50 bitcoins. Every four years, the reward is cut in half. Currently the block reward is 12.5 BTC. In May 2020 it will go down to 6.25 BTC. (Here's an interesting page with live data about bitcoin and mining rewards.) The only other incentive besides block rewards are transaction fees miners require to add a transaction to a block.
So what happens when the mining reward becomes so small as to be inconsequential (it will reach zero in about 120 years, and the reward we be on the order of 0.00000001 BTC, or about 1/100 of a penny at the current exchange rate). In this video Heidi of Crypto Tips describes of the scenarios that could play out.
Stock investors who are reeling after today’s disaster on Wall Street can take comfort in the fact that people hodling Bitcoin fared even worse. The price of a bitcoin dropped from $7900 to $4900 in less than a day. From Coindesk Nearly $63 billion has been wiped from the markets as the total market capitalization […]
“CoronaCoin” exists. Some cryptocurrency developers on 4Chan cooked up a digital coin that allows traders to bet on the global coronavirus outbreak, based on how many people become infected and/or die.
‘Used accounts and passwords of other employees to embezzle digital currency’ — DoJ
Nearly 30 years after it started its run as the most dominant productivity software ever created, the Microsoft Office suite of programs are now virtually synonymous with personal computing. From its days bundled with Windows to its current life as Office 365 cloud-based apps, there’s no reason to think perennial hits like Word, Excel and […]
Photography isn’t just about lighting and composition anymore, especially when you’re shooting with your smartphone. While a wealth of expertise can absolutely help you grab better images, sometimes it’s just about having a great light or an amazing smoothing gimbal to instantly elevate your Instagram pics and other social videos from meh to standout. To […]
As the summer surges forward, grilling and evenings in the backyard may be the only serious outdoor excursions many of us take this season. Yet even with all of our current problems, there’s one group who doesn’t care a bit about COVID-19 and will still look to make any trip you make outside into an […]