Plutus.it Make Contactless Payments and Earn a Reward on the Blockchain
Plutus is a gateway that connects blockchain technology with the existing infrastructures, the platform enables users to convert and spend cryptocurrencies at every store with an NFC-enabled point-of-sale terminal (40 million +).
Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation.
I have two "ASICMINER Block Erupter 333MH/s ASIC USB BTC Bitcoin Miner SHA256" can somebody help me on what software do i need that will use these usb asics and mine bitcoin or any other crypto coin. (i don't care if is it profitable orn not)
Question: If bitcoin block reward keeps halving, and there’s less incentive to mine, what happens when no one is mining anymore? Doesn’t bitcoin need miners to process the blocks?
(ANSWERED) Sorry if this is a stupid question it’s just stuck on my mind and I don’t know the answer and haven’t found anything on it yet Answer from u/tech4marco - “The mining difficulty is self adjusting. This means that miners will always be in a "lottery" competition to find the next block for the reward plus the fees. There will always be someone that mines as there is a financial incentive. It all comes down to who has the most efficient operation with the most computing power and cheapest electricity.”
What is the Bitcoin Halving and how will the Halving affect the miners? According to the laws of demand and supply, the scarcity of the Bitcoin supply will lead to an increase in Bitcoin demand, leading to a rise in prices. Is this only in theory?
Everyone is talking about Bitcoin Halving. Miners in 2009 received 50 BTC for mining each block but now it's going to be 6.25! We saw a huge price change after the last two halvings. Ahead of 3rd Bitcoin Halving, what is your expectations, what is going to happen?
What will miners do if all Bitcoin is mined and transaction fees are very low?
Eventually in over 100 years all Bitcoin will be mined. If transaction fees end up being low, what exactly will miners do? Since there's no bitcoin left to mine, and the fees are low, the reward for mining will be very low. What will miners do? EDIT: Never mind, I think even 1 satoshi fees might be fine if everyone uses it.
03-19 13:25 - 'Good job a shit load of Tether dollars have just been printed, I mean come on scam or what miners desperate for price rises and there you go a load of new Tether tokens. / Where is the value in Bitcoin 😂.' by /u/CreepyCranfield9 removed from /r/Bitcoin within 356-366min
The bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens. The rate that bitcoin are produced cuts in According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released. Anyone with The bitcoin reward that miners receive is an incentive which motivates people to assist in the primary purpose of mining: to support, legitimize and monitor the Bitcoin network and its blockchain. Bitcoin is Secure. Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure. Links. We Use Coins - Learn all about crypto-currency. Bitcoin News - Where the Bitcoin community gets news.
What is bitcoin mining? H... Hey Cadets, in this episode we will be covering one of the most complicated topics in the cryptocurrency ecosystem, bitcoin mining. What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? This short video is an animated introduction to Bitcoin Mining. Credits: Voice - Chris Rice (www.ricevoice.com) The luck, resources, and the effort that bitcoin miners need for them to reap huge profits is the equivalent to the dedication by a miner trying to obtain gold from a quarry. How Bitcoin mining actually works - What is the "cryptographic puzzle"? - Duration: 14:13. Keifer Kif 78,184 views. 14:13. How to BitCoin mine using fast ASIC mining hardware - Duration: 27:15. requires miners to first solve a complex mathematical equation in order to process a transaction. To read about cryptocurrency mining in detail, click on the link below.