Bitcoin Halving Barely Registers on Price Chart

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Bitcoin Halving Barely Registers on Price Chart

Postby » Sat Jul 09, 2016 6:31 am

After much anticipation and many speculations, the second Bitcoin Halving has finally come to pass. Block number 420,000 has been added to the blockchain and the reward for mining new ones has been cut in half from 25 BTC to 12.5 BTC.

If you are not familiar with the technical concept, all you need to understand is that the halving is a mechanism in the source code of Bitcoin designed to fight inflation by making mining less profitable as the network progresses. It has only occurred once before in the history of bitcoin and the next halving is expected in about four years from now when the ... (read more)

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