The total amount of coins that can ever be mined is cemented into the protocol and cannot be changed without full consensus from the people running the
protocol/code. This will never change, because it will decrease the value of the coins already mined. Who will want to do that, if it decrease your profits?
Just imagine you own 10 bitcoins and it's valued $400 per bitcoin now... if the total supply change, that value will go down, because more bitcoins will be
entering the supply.
Topic: Where do Bitcoins Came from? - page 2. (Read 1134 times)
If bitcoin came from mining does it mean that it's an unlimited currency and if that's the case why does bitcoin price going up instead of going down
its not unlimitedThey come from mining, period.
only 21 million bitcoins will mined ever
If bitcoin came from mining does it mean that it's an unlimited currency and if that's the case why does bitcoin price going up instead of going down
Only 21million coins can be created, the block reward, which currently is 25 BTC, gets halved every four year(?or so). Bitcoin price goes up instead of down due to halving and other trading factors. They come from mining, period.
they are created each time the previous block is solved, a block is the reward from which miners have access to the coins
all started from the first block the genesis block, that did not require a creation was already there issued by the client
all started from the first block the genesis block, that did not require a creation was already there issued by the client
If bitcoin came from mining does it mean that it's an unlimited currency and if that's the case why does bitcoin price going up instead of going down
They come from mining, period.
What is bitcoin? Whence does bitcoin come? Where does bitcoin go?
Another set of question for bitcoin philosophers.
Another set of question for bitcoin philosophers.
if you are new to bitcoin then you should read bitcoin whitepaper
https://bitcoin.org/bitcoin.pdf
so you know how bitcoin works and bitcoin mining.
https://bitcoin.org/bitcoin.pdf
so you know how bitcoin works and bitcoin mining.
They come from mining, period.
Out of curiosity I just thought where do bitcoins came from??
Jump to: