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I think miners will need Bitcoin price to rise for it to be profitable since I last heard that the difficulty increased again.
one bitcoin transaction now uses as much energy as your house use in a week. bitcoin miners to burn through over 24 terawatt-hours of electricity annually as they compete to solve increasingly difficult cryptographic puzzles to "mine" more bitcoins.
I'm curious how many millions are for bitcoin cash and gold, still 21?
They are forks, so the same number (roughly) have been mined and left to mine. If they had been clones, they would start from 0 coins mined.
wow, it's amazing how much data you give. I would like to ask you, what do you anticipate about the future of bitcoin when it is so heavily exploited? In my opinion, it will quickly lose value and if there is no reasonable adjustment then bitcoin will be removed from the list of electronic currency soon. I will focus on investing in other currencies like Etherum instead of bitcoin. At present they are no longer safe.
This will certainly lead to a rapid rise in the price of bitcoin. You know, people now don't easily transfer money from bitcoin to other altcoin. It is believed that bitcoin is still the best investment in the next five years.
I'm curious how many millions are for bitcoin cash and gold, still 21?
If everything is the same as what you say, then I think this is the chance for other currencies to take the throne. Bitcoins are being over-exploited and I guess in the next 5 years there will not be enough bitcoin to provide for people. So that would be very beneficial for other currencies, when Etherum has 96 million dong to exploit. In the future, I expect Etherum to be extremely valuable in this market.
This means that the amount of bitcoins that can be mined is getting less and less and harder to mine, and the bitcoins we hold are likely to be worth more and more.
I think this news will lead the bitcoin price will go up soon.
From your mouth to my wallet.
I think this news will lead the bitcoin price will go up soon.
But i still understand what news made this bitcoin drop??
But i still understand what news made this bitcoin drop??
As the difficulty of bitcoin mining increases, the price of bitcoin may rise further, as bitcoin is scarce.
The less bitcoins there are, the harder the process of mining them is. Quite ironic actually.
When Satoshi Nakamoto created the first bitcoin in January 2009, there were nearly 21 million coins left to be mined. As 80% of the total number of bitcoins have already been mined by January 13, there are only one-fifth of the capped supply that will be mined in the coming years.
Over 16.8 million bitcoins have now been mined by the miners worldwide and there will be another 4.2 million digital coins that is still left.
Number of Bitcoins Mined
January 15,2016 : 15,089,500 (71.8%)
January 15,2017 : 16,104,750 (77%)
Source : https://www.ndtv.com/business/bitcoin-prices-to-zoom-further-only-20-cryptocurrency-coins-left-to-be-mined-1800099
Over 16.8 million bitcoins have now been mined by the miners worldwide and there will be another 4.2 million digital coins that is still left.
Number of Bitcoins Mined
January 15,2016 : 15,089,500 (71.8%)
January 15,2017 : 16,104,750 (77%)
Source : https://www.ndtv.com/business/bitcoin-prices-to-zoom-further-only-20-cryptocurrency-coins-left-to-be-mined-1800099
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