Author

Topic: Bitcoin Block Reward Halving | What is it, and why is it HUGE for BTC BCH Miners (Read 115 times)

sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
Bitcoin is now halving for the third time, on May 11th, 2020. The block reward halving is HUGE for buyers and miners of BTC, find out why! Subscribe to VoskCoin for more Bitcoin videos - http://voskco.in/Sub

Bitcoin BTC miners for sale - https://amzn.to/2TRQSkL
Used Bitcoin BTC miners for sale - http://voskco.in/eBayS9
Best Bitcoin mining profitability calculator - http://voskco.in/BtcCalc

The Bitcoin cryptocurrency blockchain automatically halves every ~4 years or 210,000 blocks, which is why the third BTC halving is taking place at 630,000 blocks! The original Bitcoin block reward was 50 Bitcoins per block, down to 25 Bitcoins after the first halving, and the second halving reduced Bitcoins mined per block to 12.5 Bitcoins. Now the 12.5 Bitcoin block reward is once again, being halved and will now reduce to 6.25 Bitcoins per block. This reduces the daily issuance of BTC Bitcoins from 1,800 Bitcoin mined or created per day, to 900 Bitcoins mined per day. This quite literally cuts mining profitability in half for Bitcoin mining farms. Currently it costs about ~$3,000 to $4,000 dollars to create a Bitcoin with an industrial Bitcoin mining farm electric rate, which is 0.05 cents per kWh or less! The third Bitcoin BTC block reward halving will have a MASSIVE impact on Bitcoin buyers, sellers, holders, traders, and above all miners, forever!

https://www.youtube.com/watch?v=8TfQvNky7F8


Links!
Evaluate daily issuance of mined cryptocurrencies -  http://voskco.in/OCFX
Bitcoin BTC coin market cap - http://voskco.in/BTCcmc
Asic Miner Value ASIC miners profit calc. - http://voskco.in/AMV
Bitcoin BTC to USD calculator - http://voskco.in/BTCusd
Bitcoin network difficulty chart (2 years) - http://voskco.in/BTCdiff

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
Jump to: