Bitcoin mining has been a profitable venture for many people ever since the cryptocurrency was created in 2009. However, the profitability of mining Bitcoin has fluctuated greatly over the years. The following is a breakdown of the profitability of Bitcoin mining as of July 2017. As of July 2017, the average mining income for a […]
How Bitcoin Is Created
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]
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What Is The Bitcoin Halving
The bitcoin halving is a process that reduces the amount of new bitcoins created every 10 minutes. The name comes from the fact that the block reward, which is the amount of new bitcoins created, is cut in half every 210,000 blocks. The first halving took place on November 28, 2012, when the reward went […]
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